GM’s huge post-bailout investments in China bear fruit.
The hype has been deafening, as US “car recession” spreads among largest automakers.
Worse than the 1994 “Bond Massacre,” with “sustained double-digit losses on bonds, subpar growth in developed markets, and balance sheet risks for banking systems….”
Whacked by slow demand, Ford cancels plant in Mexico, shifts car production to existing plant in Mexico.
A myth gets destroyed by facts.
A mix of deceptive calm, hair-raising craziness, and big surprises.
Over the last ten days, markets have been jinxed, and nearly everything changed direction.
“Property Implosion?” And its impact on jobs and the economy (video).
This announcement gives some clues that after years of disappointment, Sears doom-and-gloomers might finally approach the end of their long wait.
After surging 206% since February!