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Stand aside EJ………..It Mega’s turn to post a dis-cuss!
I enjoy reading Ej & Fred’s articles, but its now my turn to offer some investment advice!
BUY US Auto manufactures!
But Not yet, after they filled for chapter 11.
Here’s my argument, Americans don’t like to walk, and they love to drive! Sadly they face in the coming years a number of problems in doing so. 1 of all we have Peek oil, let’s not beat about the bush……….its here & although prices have dipped they be back!
Think about it, the war in Irag
Now factor in the collapse of the $, America
So, with (by Then) 2 failed wars, collapsed $ and peek oil how the Hell are they to drive?.....With Hybrids my friends. Yes I know the will be facing MEGA unemployment by then but there will still be demand for new cars. The collapsed $ means they have to be built in the US
Now the big 3 are so hopelessly bankrupt because of the insane wages the line workers get. I remember Lee Lacola talking about how in 1983 Blue cross replaced Firestone as their number one invoiced expense. If they had some balls they should have fought the battle then….they didn’t. The UAW laughed its ass off up to this year, when it woke up and smelt the coffee.
Like a Vampire it needed new blood and it tried to get in to one of the Jap car plants in a southern state. It back fired big time, the plant workers chased them. Now here’s my point the Big 3 which will become 1+1 then will go chapter 11, kill off those insane UAW contracts, shut plants pull R+D and other resources.
The F150 pick up will be history, the government will insist on “Green projects”..American’s will demand them!.......My suspicion is that once refloated with government backing and lacking the Dead weight of the UAW & mega demand for Non-gas guzzler cars they will return MEGA Bucks
Mike
I enjoy reading Ej & Fred’s articles, but its now my turn to offer some investment advice!
BUY US Auto manufactures!
But Not yet, after they filled for chapter 11.
Here’s my argument, Americans don’t like to walk, and they love to drive! Sadly they face in the coming years a number of problems in doing so. 1 of all we have Peek oil, let’s not beat about the bush……….its here & although prices have dipped they be back!
Think about it, the war in Irag
Now factor in the collapse of the $, America
So, with (by Then) 2 failed wars, collapsed $ and peek oil how the Hell are they to drive?.....With Hybrids my friends. Yes I know the will be facing MEGA unemployment by then but there will still be demand for new cars. The collapsed $ means they have to be built in the US
Now the big 3 are so hopelessly bankrupt because of the insane wages the line workers get. I remember Lee Lacola talking about how in 1983 Blue cross replaced Firestone as their number one invoiced expense. If they had some balls they should have fought the battle then….they didn’t. The UAW laughed its ass off up to this year, when it woke up and smelt the coffee.
Like a Vampire it needed new blood and it tried to get in to one of the Jap car plants in a southern state. It back fired big time, the plant workers chased them. Now here’s my point the Big 3 which will become 1+1 then will go chapter 11, kill off those insane UAW contracts, shut plants pull R+D and other resources.
The F150 pick up will be history, the government will insist on “Green projects”..American’s will demand them!.......My suspicion is that once refloated with government backing and lacking the Dead weight of the UAW & mega demand for Non-gas guzzler cars they will return MEGA Bucks
Mike
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