Saturday, October 25, 2008

Cry for Chrysler

Many companies that are around now will not be in the future.

"We continue to be in the most difficult economic period most of us can remember. The combination of troubled financial markets, difficult credit, volatile commodity prices, the housing crisis and declining consumer confidence continues to weigh on the economy. Never before have auto industry sales contracted at such a fast rate," said David Cole, chairman of the Center for Automotive Research in Ann Arbor, Michigan.

Well, I can tell you that my prediction back in 2005 was that GM would go under. They are scheduled to run out of cash and credit lines by mid 2009. A government infusion of cash could prolong the agony a bit longer. We are now in a deflationary depression and people are losing jobs left and right.

In jumps to the future I have seen armies of homeless roaming the streets, and the government passing laws to may the "undomiciled" enemy combatants and criminals. They claim they are "stealing" garbage from dumpsters.

0 Comments:

Post a Comment

<< Home