This is our chance to do something different. Car companies all over the world are asking for help. Why don´t we reinvent the car industry as they are doing in Israel in exchange for help?
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Posted on Micro | 3:31 pm
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This is the year in which Europe will either fall apart or emerged stronger. I give it 75% that it emerges as a stronger union but the risk of collapse is still there. Germany has the key to solve the problem because of the size of its economy, its saving rate and its export volume. Germany has to decide on whether it continues to transfer some of its wealth in order to create markets for its exports or it let’s Europe fall apart and ends up with an overvalued currency and deteriorated markets. Already today it started paying negative interest rates which is a prelude in my view to a huge rise in the DM should it be born again. Tough choice. I think Germany can actually both save Europe and make money by buying underpriced Italian and Spanish bonds and selling them after stabilization. It can do what the FED did with many financial institutions, make a profit by providing much needed liquidity at a critical time.
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Posted by Mike Gross - December 5, 2008 3:49 am - #
Thats what i would do!
Posted by Sameer - December 5, 2008 12:42 pm - #
Absolutely correct! It’s outrageous that Congress would even consider a bailout for the Big Three to continue to operate with their broken, outdated business model.
Posted by Bernd - March 1, 2009 12:40 pm - #
Yes i think that it is time for change. Since the
money comes from Taxpayers.
It has to be investet to companys witch help us
to develop away from the energy waisting technology.