Friday, 16 January 2009 18:00

The auto industry debacle is truly a global phenomenon Featured

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For those who are knocking the Big Three automakers in Detroit for underperformance and mismanagement (which they are all guilty of in varying degrees), you should take a more global perspective, from the UK Guardian:

 It should be obvious to all that we are entering a global depression. I ask all of you, in your lifetime, have you ever witnessed anything like this? I know there are a lot of super smart economists, analysts, investors and pundits that may say  otherwise, but I query, who are you gonna trust, them or your LYING eyes?! Why wasn't there so much doubt over the last 15 years when we were experience a global equity and asset boom? I know, I know... Things can go up and do well, but they really can't go down and go bad.

Read 7675 times Last modified on Saturday, 17 January 2009 06:38
Reggie Middleton

Resident Contrarian Badass at BoomBustBlog (you can call me Editor-in-Chief)...

Disruptor-in-Chief at Veritaseum.com, where we're ushering the P2P Economy.

 

www.boombustblog.com

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