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BREAKING: GM to begin repaying $6.7 billion in U.S. loans next month {Autoblog}
Nov 16th 2009 12:10PM I saw this on the morn tv stuff. I was discussing it with my brother and it was his opinion that the marketing department was telling them to repay it.
The idea being that news casters when ever they discuss gm generally talk about it being government motors and since as citizens they are now owners they should be able to get a deal. So the press has been bad. Don't know if this is the reason for the sudden payback even after they show $1 Billion loss. But sounded interesting. Taking a look at the tool I use to track precious metals, http://www.learcapital.com/exactprice , I see that platinum is up in a big way ($1443.90 right now) and I wonder if this isn't related to the auto news as it's such a key ingredient in catalytic converters.
Wall Street ready to rebound after CIT's bankruptcy, Ford's profit {Daily Finance}
Nov 2nd 2009 11:11AM It's amazing to me frankly. The Ford news is good on first blush, but I'm still scratching my head over it. Did most of it come from restructuring and getting rid of employees? Cash4Clunkers I'm sure helped a bit but couldn't amount to that big a profit.
Not that restructuring is bad. I think it's a good thing but with the unemployment levels around the nation I don't think the outlook is all that great. Perhaps why they they are looking to 2011 for better profits.
Oil states deny plans to dump the dollar {Daily Finance}
Oct 7th 2009 4:13PM It was incredible to watch what this news did to the dollar and to gold. I was watching in real time the spot price of gold with the widget http://www.learcapital.com/exactprice and was blown away.
But a question that arises is was this a warning from those states and countries to the USA to stay away from Iran and to keep Israel in check?
A sort of flexing of financial muscle as it where.
Number of Problem Banks Grows While FDIC Insurance Fund Dwindles {Politics Daily}
Aug 28th 2009 11:58AM I saw this on CNBC: 1,000 Banks to Fail In Next Two Years: Bank CEO http://www.cnbc.com/id/32581463
Somewhere else I read that 1 in four banks were facing problems. This does not bode well when combined with the rising unemployment rate and amount of personal debt that people are underwater with.
And looking at the precious metal markets with the spot price widget http://www.learcapital.com/exactprice this morning it looks like investors are hedging in gold and silver right now as a means to protect their wealth.
We'll see what next week's numbers report but I am starting to be of the opinion that we have not seen the worst yet.
Nudgenomics: Why 'cash for clunkers' works {Daily Finance}
Aug 6th 2009 2:39PM Don't worry. They'll just print more paper money. Forgetting the fact that it's not really a stimulus program no matter the way some in the media try to spin it. It's more of a let's create more debt, buy, buy, buy, program. What's worse is so many cars that could be resold are being destroy which is in effect a destruction of value. But let's stop to think about the whole buying of a car thing as stimulus in the first place. It's great if you can do it without a loan but if you're doing it by burrowing the only thing getting stimulated is the big banks, that's if the burrower doesn't declare bankruptcy next year.
This whole thing is about short term gains with long term pains. You know, kind of like what a drug addict does. It's why I'm not buying into it. My goal after seeing how things seem to be heading is to get out of all my debt asap and into some real wealth securing assets. Hint. The dollar isn't one. China knows it and that's why Geithner said we are going to have to "tighten our belts" from here on out when the didn't agree to increase their buying of our debt. Probably another reason why China keeps trying to hoard gold which according to the real time tracking widget http://www.learcapital.com/exactprice is sitting at $958.70 right now.
Cash For Clunkers sales report details - trucks take a big hit {WalletPop}
Aug 6th 2009 2:23PM Don't worry. They'll just print more paper money. Forgetting the fact that it's not really a stimulus program. It's more of a let's create more debt, buy, buy, buy, program. It's all about short term gains with long term pains. You know, kind of like what a drug addict does. It's why I'm not buying into it. My goal after seeing how things seem to be heading is to get out of all my debt asap and into some real wealth securing assets. Hint. The dollar isn't one. China knows it and that's why Geithner said we are going to have to "tighten our belts" from here on out when the didn't agree to increase their buying of our debt. Probably another reason why China keeps trying to hoard gold which according to the real time tracking widget http://www.learcapital.com/exactprice is sitting at $958.50 right now.
Early obits attempt to analyze, make sense of General Motors bankruptcy {Autoblog}
Jun 1st 2009 11:56AM I wonder about the implications of all this on the US as a whole. I’m thinking about inflation. They burned through billions of tax payer money which is basically gone. Now we’re continuing to manage them and I don’t doubt fund them some more money. Top that with all the other things we’re funding and bailing out and I’m left scratching my head wondering who is going to be able to afford a newGM in the months and years ahead? I don’t think I’m the only one thinking this as I was watching the precious metal commodities over the weekend with http://www.learcapital.com/exactprice and gold and silver climbed higher yesterday.
Platinum too, which of course is an essential metal for auto manufacturing. I wish they had filed chapter 11 months ago instead of now.
Cramer on BloggingStocks: Moving to China {BloggingStocks}
Jun 1st 2009 11:41AM China is becoming the big player folk have bee talking about it becoming for years now. It is definitely easy to see their moves lately to usurp world financial control from the US and I'm thinking the US FED is doing everything they can do to help that along. It's been amazing to me to see the commodities that China has been buying up over he last several years.
And today with Geigthner in China I'll looking at the widget I use to track gold and silver, http://www.learcapital.com/exactprice and I see those two precious metals are up over last week. I can't help but think it's more of the inflation monster. Oil's up too, which will affect precious metal mining and their for prices. It's going to be an interesting year. That's for sure.
Help! We are all going to die (or how to prevent catching Swine Flu) {Gadling}
Apr 27th 2009 12:00PM I read this morning that some think the strain shows a weaponized aspect to the virus. I don't know how true it is but you can read it here: http://onlinejournal.com/artman/publish/article_4631.shtml
I thought it interesting this morning how the markets around the world have been reacting to the news by selling off. Though the financial markets don’t seem to be to concerned by it now. DOW opened down but is up now by 33 points and gold and silver are holding steady judging by the widget ( http://www.learcapital.com/exactprice ).
Of course if this flu does start popping up all over the place this week though, you can expect the markets to get real scared. So people, wash your hands and carry around some of that antiseptic hand wash stuff.
GM and Chrysler: The government blinks {Daily Finance}
Apr 21st 2009 12:47PM Good grief. Yeah. I just saw an article saying they were getting 5.5 billion more in loans.
I think there is a huge disconnect between the American people and DC. We seem to understand that if you don't pay you're taxes you get in trouble and that if you're in debt you don't get out of debt by getting further in debt. They on the other hand seen to live in a fantasy realm. Well, maybe. By loan all this money. Scratch that. By forcing all this money on businesses they are making themselves the masters to use some 1800's lingo.
It's time to let the business that can't succeed, fail. Doesn't matter how big they are.
I'm starting to see evidence that the markets understand and I continue to see moves into safe haven stocks and commodities like gold. Yesterday there was a big move on gold even while the dollar was rising. The widget ExactPrice ( http://www.learcapital.com/exactprice ) showed it in real time. Today it appears there's some profit taking going on but I expect there to be another bounce and some big moves in the coming months as the inflation of all this bailout money gets digested.
