GM bankruptcy or bailout?

It seems that some say a GM bankruptcy is better than bailout. Unlike the Chrysler bailout of 1979, this time things are different, because GMAC is similar to a bank. In fact, we could say that part of the 750 billion in the bank bailout should be used to shore up GMAC and preserve the network of suppliers that feed the giant automaker.

OK, so in other news, Short Circuit City cannot get Sony products, in fact, the truck were stopped midshipment and told to make a U-turn. This company has been in trouble for some time now. They will no doubt also go under.

Importance of a made to measure suit in getting a job

Why get a tailor made suit?
Well, in today's ultracompetitive job market, candidates cannot afford to seem ordinary. You have to stand out above the rest of the crowd. With millions of resumes and thousands of interviews, an HR person is pressured to make quick decisions. After a while the sea of suits turns into a blur. You have to have more than just a stellar resume; your appearance must convey a high degree of professionalism.

If your suit is a $99 off the rack special, then it will send the message that you do not really care about the job. An ill fitting mediocre suit in the mind of an employer equals a mediocre employee whose work habits will be as sloppy as the clothes they wear. A made to measure suit can be the difference between success and failure. Remember, you can never be too professional.

Traditional attire will help convince an employer that you are the right fit for their enterprise. In the financial sector many casual Friday folks are finding out that they are on the exit list. The move is now toward a more responsible and higher caliber candidate.

You need to get a dull gray wool suit that sends a message. The message is you are the real deal. If your salary is over 100K, the few stable financial sector companies that can hire you expect a great deal more than just years of experience. They want a person that has an aura of greatness about them. That could be you, but first you must look and act the part. A Made to Measure suit will add that extra sparkle that will convince your future employer to hire you and not someone else. So, make an appointment today.

"The words and opinions expressed in this blog post are purely my own. This post was sponsored by PayPerPost".

Effect of economic crisis on technology

The market fell below 9,000 today, but prices are great. I was able to get a quad core AMD opteron PC desktop fully loaded for under $500. A regular PC at office depot was selling for $249.

I saw a USB 1TB drive going for under 200. It is sad that the economy is so bad. These prices are like a dream. Some people still remember the days of $3,000 laptops with tiny hard drives.

GM seeks bailout

GM affected by mortage meltdown has trouble with auto loans, sales down and economic crisis made worse by unemployment. They want government assistance to merge with Chrysler and cut down on expenses. There merger would bring more layoffs to an already troubled part of the automotive sector.

I predicted that GM would go bankrupt and now we see that it is in worse shape than we imagined. The bailout would only prolong the agony. GM has been losing money for years. It cannot sell the supersized Hummer or any of its giant dinosaurs, which should become EXTINCT!

Obama believes in redistribution of wealth

He says that the tragedy of the civil rights movement was it did not redistribute wealth.

Warren Buffet needs new crystal ball

Warren Buffet bought too early he need to a get a new crystal ball. The market will still go down from here. The reason is fear. People are losing jobs, and those with jobs cannot get loans. The so called mild recession is turning into a deep depression.

If we cannot see it now, take a look at what is happening in asia where factories are idle due to global economic crisis and financial meltdown; warren can see into the future, but he needs a new crystal ball.

Sales for Volvo Trucks down 99.7%

The drop in sales from 41,970 in the third quarter of 2007 to just 115 in 2008 shows us how the complete global collapse of the world financial system is affecting other countries. For over a year people have been wondering if there was going to be a recession, now we see a deep depression is ahead and our current economic crisis will get much worse.

Alex Jones is warning of food shortages in the future. People need to store food.

Financial Predictions

A web site called hubdub makes financial predictions. The goal is to use the collective wisdom of the masses to be able to forecast future events. We hope this strategy is filled with success, but I can say that there are many potential problems, one begin that most people do not have the complete picture of what is happening.

Oil price tumbles

In spite of a cut in production by OPEC, the price of oil fell to a new low today. I wish it was due to finding a new large oil field, but the truth is that our current economic crisis means demand for petroleum products is way down.

On the plus side gasoline prices are falling daily to new lows. This is good new to poor people are they were squeezed by the high price of fuel. Still, I predict shortages of food and fuel in the future. This is but a lull in the storm.

Trouble on the street

Wall Street is built on a house of cards and now those cards are falling down. The framework is so weak that a mild breeze could knock it DOWn, and we are seeing the main supports give way. Today's rebound of 172 points is nothing compared to yesterday's drop of 514 points. In fact, the Dow components are now falling further overseas as investors sell troubled US companies.

We should prepare ourselves to survive the next depression. It will be a long hard haul ahead as we face difficult days on our road to recovery. Set some supplies aside to weather the financial hurricane that will soon come on shore.

DOW dives 514 points

Market hits five year lows as analysts predict deep depression ahead. Well, now that our economy is in a tail spin the mockers claim that it was obvious. These are the same people that laughed when I predicted the fall of the banks. This ship is sinking fast.

AIG is in trouble

First AIG asks for 85 billion, then it asks for 37.9 billion, now the hand is out again for an additional 10 billion. It seems to me that all is not well, with the world's largest insurance company. As I told one and all before, the economy is crashing.

It is not just banks that are falling, insurance companies are falling. I predict that GM will go under in the future, it has lost money year after year. For example, last year it lost 39 billion, and this years sales are down from olast year, I predict that sales will be even worse in 2009 as we go deeper into depression.

The mortage meltdown led to a bank meltdown, now and insurance meltdown.

Yahoo to fire 1,500 profit down 64%

Wall Street is doing terrible, in fact, the market is going down. Today is was down over 200 points and it held above 9,000, but the mood is sour. Yahoo will fire 1,500 and profit is down 64%. This is important because people look at P/E pr price to earnings ratio. If profit falls the price will follow. I predict that you will see earning go down as we go deeper into a deflationary depression.

Taliban kill Christian woman

Taliban in Afganistan killed a British aid worker Gayle Williams, because she was Christian. She enjoyed helping disabled children. Two masked gunmen on a motorbike shot her dead. The news saddens me because this angel died trying to help others due to her belief in Jesus. She was accused of the crime of spreading Christianity. Many moslems claim that they tolerate Christians, but while there is a mosque in Rome, there are no churches in mecca.

Car runs on air and magnets

A car that runs on air and magnets seems like a great future to me. It is supposed to go into production in 2010 about the same time as the Chevy Volt. GM is having a lot of problems. Maybe the air car can use the HDR electromagnet.

Microhoo?

Steve Balmer head of Microsoft said “We offered 33 bucks not too long ago and it’s $11 today,” referring to Microsoft’s February bid of $33 a share, or $44.6 billion, which Yahoo rejected. “They probably still think it’s worth more than $33 a share.” The question I have is Why is cofounder Jerry Yang still running Yahoo? The company stock is worth 1/3 of what Microsoft was willing to pay. Stockholder should ask him to resign.

Dow in the dump

This month the dow has tumbled DOWn like a train off a cliff with the occasional bounce on the way down. We have seen terrible losses that seem right out of the Great Depression. People wonder when our stock market will hit bottom. Last Wednesday, S&P500 fell 9% in a single day our biggest percentage loss since the meltdown of 1987. Today poor economic news is making a bad situation worse.

Selling is accelerating as people dump mutual funds and buy safes to store cash. Banks are talking about imposing restrictions on cash withdrawals. Also there is talk that the government might make private ownership of gold illegal again like they did during the Great Depression. Which makes sense because analysts see a widespread global depression that may take years to exit.

The Culprits of the Collapse

You need to know who is responsible for what will soon happen. These people MORTGAGED our future on their BANKRUPT economic ideas. Things are now out of control and we are now in big trouble with our current economic crisis.

Dow down 733 points

It is like watching a slow moving train wreak. Today the dow is DOWn another 733 points. As always we feel that things will get worse. Analyst are now saying "severe recession" instead of a mild one.

In other new housing sales are the worst in 30 years and will probably get worse s well. This economic crisis was predicted by me in 2005.

Predicting the future

Many people said that drive in movie theaters would all go under in the future due to home cinema and large plasma TV, but even with cheap HD LCD TV the drive in is still going strong. In fact, drive in movie theaters are going through a rebirth.

It is important to see that the future is not "common sense" or as easy to see as one would want. Many said that high fuel prices would make the drive in go under; others said that new digital IMAX screens would kill the smaller less sophisticated cinemas; however, this has not happened. Predicting the future is not as easy as it seems.

I have seen many of the new IMAX cinemas go under and people like the nostalgia of the drive in where they met their future wife. A giant 3D screen of an IMAX seems too technological and in many ways we yearn for simpler times.

Things are icy in Iceland

The government of Iceland nationalised the banks and makes it difficult to get foreign currency. It attempts to prevent the flight of money from the frigid nordic nation and lets us see what our future might look like. Listen

Worldm in crisis

If you think things are bad now, please remember the great depression and WWII. It could be a lot worse. Back in the 40's the US fought on two fronts. Pull together and we can survive.

recession?

Back in 2007 I predicted that in 2008 we would have an increase in the price of oil and that this would trigger a recession - IT DID!

Because all the money went to pay for food and fuel people could not make payments on houses and foreclosures did increase causing banks to fall. This fall of banks did collapse the economy. Well, now gas is cheaper; however, the damage is done.

``We're in this self-reinforcing negative cycle,'' said Mark Zandi, chief economist at the West Chester, Pennsylvania-based Moody's Economy.com. ``It's going to be a very significant recession.''

I predict that we will see oil go back up in the future as supplies run out and people will be in worse shape in 2009 than they are now economically. Get ready, brace yourselves for impact it will be a hard landing.

Apple Stock Plunges

Apple stock plunged on rumors that Steve Jobs had a heart attack. The sick looking gaunt Jobs looks like he will go any minute now. It was reported that he was in the hospital, but Apple Computer denies the rumor. Perhaps photos of a deathly ill Steve Jobs will be on the net soon?

Wack Fargo?

WACKovia and Wells Fargo might merge. When wacovia was in trouble, a white knight by the names of citigroup came to the rescue, but later another lover appeared. This love triangle is getting messy. Wells Fargo claims it is willing to pay more for the bank.

The CEO of WACKovia wants the new deal, his name is Rob Steal, interesting name for a banker.

CDS financial timebomb

Credit Default Swaps are a financial timebomb because they hide the risk of a loan and because they are not regulated as such. The problem is that these weapons of mass financial destruction are now destroying our economy. What we see is only the tip of the iceberg and in a few days we might face even greater challenges as the economy falls apart.

Myth of the Market

Many traders have a myth about the market. Here are a few other myths about money.


Money Myths