When You Can't Count On the Market for Success... -- MrSwing

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When You Can't Count On the Market for Success...
Jan 24, 2009

Dr. Mark J. Perry

CARPE DIEM
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GM is not counting on market success for its comeback. It has neither the cash reserves nor the brilliant product line needed for that in a down economy, when sales are expected to be 40% lower than two years ago (the lowest volume since the 1973 Arab oil embargo).
GM is counting on the government to stay alive.

~"Detroit Bets Its Future on Washington" in today's WSJ by Detroit News cartoonist Henry Payne (see his latest cartoon here) and Shikha Dalmia