Detroit Rocked City
Of all the missing-the-forest-for-the-trees, rose-colored glasses stories I’ve read, hell, probably even written, this story in the NY Times Friday about the Big Three auto makers is one of the worst...
View ArticleOne Year Later Cash for Clunkers Critiqued
One year after the government’s cash-for-clunkers mission juiced auto sales for a hot second, pundits still remain critical of the program. A Boston Globe op-ed earlier this week by Jeff Jacoby calls...
View ArticleLinks 9/3/2010
- Considering the “uncomfortably uncertain” mood heading into this morning’s jobs data, the report wasn’t that bad. “The overall picture is of a labor market that continues to chug along in the right...
View ArticleCar Deflation
How do you spell deflation? From Kipplinger’s, via Yahoo: Retailers have long manipulated consumers by marking up merchandise, then promoting sales to clear inventory. Car dealers know how to play the...
View ArticleGM’s IPO Hype Brings Back Some Memories
GM stock is on track to return to public trading Thursday, and the hype is ramping up, which reminds us of another highly anticipated and sought-after IPO: Blackstone Group. Remember that one?...
View ArticleWhat’s Good for GM, Chapter Two
General Motors is the single greatest company that has ever existed. Every American should go out today and buy a GM car, buy two, and buy GM stock, and a GM baseball cap, and GM teddy bears, and…whoa,...
View ArticleGM IPO’s No Scorcher
All that hype, and the best GM shares could muster was a 3.6% pop above the IPO price – and that was with a whip-flailing closing flourish like you’d see at Belmont racetrack. As we noted earlier this...
View ArticleSo Builders Are Buying New Pickups Now, Eh?
This old truck still runs just fine, mister. GM grooved one today for the State of the Union speech tomorrow night. You can almost hear it already. President Obama standing before Congress, citing...
View ArticleAnother Milestone (Sort of) for New GM
It took about three months (which is a little longer than we initially expected) but GM shares finally reached another milestone: they breached below their November $33 IPO price. As you recall, it was...
View ArticleComplacency Replaces Caution, a Little Too Soon
The stock market has recovered all its losses suffered after the Japan earthquake/tsunami/nuclear crisis, shrugging off at least the economic consequences of the event. That’s a posture that seems...
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