One of the last frontier markets to emerge in Asia, we see Vietnam as a ten-year buy.
- Merrill Lynch strategy report, February 2006
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It was a big victory for Obama, a result that has been welcomed by most of the world.
Around the world , US vote sparks buzz for change
INSTANT VIEW: World leaders' quotes on Obama election win
Enjoy the celebration. But don't forget there is a lot of hard work ahead and it will take time and patience and pain to heal what ails the US and world economies.
Go ahead and party today, but things are still going to look bleak tomorrow.
Hope for the best, but prepare for the worst.
Don't believe the quick fix or the easy rally. We are in this for the long haul...
GM Must Die
I don't mean to be morbid and I am sorry for all the innocent workers and shareholders who may go down on this ship, but lets face it, this puppy is TOAST!
This company (and the rest of Detroit) are true Dinosaurs. They are already dead, they just don't know it yet.
Truth is they have been dying for years of their own waste and excess and mismanagement.
The writing has been on the wall for a LONG TIME.
There was a fork in the road 'round about the turn of the millenium, where Detroit decided to keep churning out big gas guzzling SUVs, while Toyota and Honda jumped on the hybrid express.
And that's all she wrote...
It's not like there weren't voices of warning at the time. They just couldn't listen. They kept going to Washington to beg for weaker fuel efficiency standards instead of embracing the future that was galloping towards them.
GM: Stuck on Stupid.
This should be the company motto.
But I can't take credit for it.
This is a quote from a GM worker at a Saturn plant they were shutting down back in 2005...
Warren Evans, a GM employee at the Oklahoma City plant since 1983, said he and many workers at the plant were skeptical of GM’s decision to retool the plant several years ago. “When they put this new product in there, the SUV, I knew it wasn’t going to work out,” he said. “The market was already flooded with the SUVs.
“The engineers, to me, they’re stuck on stupid. They never talk to us, the people on the line.”
[Full story here: Rust Belt woes spread wide by GM plant closing - Autos- msnbc.com ]
That's why they are going down and why the Japanese are eating their lunch.
Let GM die and let that be its epitaph. Stuck on Stupid.
Amen.
Similar sentiments here from Henry Blodget, as well as a send off for AIG.
Don't Do It, Obama. Don't Save Ford (F) And General Motors (GM)
Enough Already: Just Take AIG Out And Shoot It