i got a new Festivus pole this year, a nude dance club closed so i got it on sale...John Mauldin is a middle-of-the-roader, a position taken by fewer and fewer analysts.
Thoughts?
$ ping
Important:
“Let’s all acknowledge that having GM go bankrupt would not be a good thing. But it is not the end of the US automotive industry, nor even of GM. Let’s think about what a GM bankruptcy might look like. In a bankruptcy, the debt holders line up to come up with a restructuring plan so that they can maximize the return of their loans or obligations. The shareholders get wiped out, but with GM down over 95%, that has largely been accomplished. That process has happened with airlines, steel companies, and tens of thousand of other companies. It is called creative destruction.”
I love it when the question is asked “what happened to the consumer” and the like. Personally the extra $450-$500 for gasoline per month caused us to reevaluate our purchases (not make any except for gasoline). the real pisser is that all of our dear politicians are clueless as to our financial status and probably do not care.
i got a new Festivus pole this year, a nude dance club closed so i got it on sale...Way beyond my current mental abilities. Any thoughts fellow FReepers?