By Joe Chase of IndexBeating.com
The Senate proposed that the UAW take a pay cut so that they earn the same as non-union employees of Toyota, Nissan, and Honda plants inside the United States. I do not think that (more…)
Entries tagged as ‘$700B’
Joe to the White House: Don’t Do It
December 12, 2008 · Leave a Comment
Categories: Business · Economics · Investing
Tagged: $700B, auto industry, auto manufacturers, bail out, bail out package, Bush, chrysler, economy, ford, Gettelfinger, GM, honda, Nissan, toyota, UAW
Today in the Market
December 10, 2008 · 2 Comments
By Joe Chase of IndexBeating.com
Since the past two days of trading got us pretty much nowhere, up 300 and then down 250, I think today could be a big day. I think that we could see huge gains if the auto bailout package (more…)
Categories: Economics · Investing
Tagged: $700B, auto manufacturers, bail out, bail out package, Big 3, chrysler, detroit, ford, GM, Government Debt, inflation, Investing, stock market, t-bills, treasury bills
This Rally Won’t Last
November 21, 2008 · Leave a Comment
I don’t think there is any point in trying to predict a market bottom, lately it keeps going lower beyond reason. Today the market started out a couple percent up, and have already (34 minutes later) given up almost all their gains. There is too much bad news and too many large, important institutions in big trouble with their stock prices down over 50%. The Big 3 need to be fixed, and can’t do so until (more…)
Categories: Business · Economics · Investing
Tagged: $700B, BAC, bail out, bail out package, bank of america, Big 3, C, chrysler, citigroup, Developing Economies, economy, ford, GM, Investing, Obama, paulson, stock market, Stocks, TARP, treasury
Misleading Headlines Matter!
November 18, 2008 · Leave a Comment
Over the last two days there have been two especially annoying and deceiving headlines in major financial news sources like Bloomberg. Yesterday Bloomberg ran an article titled “Citigroup’s Pandit Targets 52,000 Jobs to Eliminate” which to most people looked like “Citigroup to Layoff 52,000 People” This is certainly not the case, Citi only announced 16,900 layoffs yesterday. The company is reducing the workforce by 26,000 through selling subsidiaries,
Categories: Business · Economics
Tagged: $700B, AP, associated press, bail out, bail out package, bloomberg, C, chrysler, citi, citigroup, deception, detroit, ford, GM, hank paulson, Headlines, henry paulson, pandit, paulson, TARP, vikram pandit
Why the TARP Must Stay in Tact
November 13, 2008 · 1 Comment
By now most of us are familiar with the acronym TARP, meaning “Troubled Asset Relief Program.” Banks and investors took that to mean a program designed to relieve banks of troubled assets. So when you, Mr. Paulson, come out and tell us how you will not be using the $700B to buy troubled assets, it makes us wonder. It makes us wonder
Categories: Economics
Tagged: $700B, bail out, bail out package, banks, bernanke, Economics, Fed, government, paulson, stock market, TARP, treasury
