2009-06-01

The recession is nearly over

You heard it here first. You may still think the economy is garbage, but 4 months into the new administration, things are going well.

General Motors declared bankruptcy today, something that generations of Americans would think was never possible. You know what happened after that? The market rallied.

Houses are being bought so quickly that mortgate rates are going up.

Ford* is going after market share and increasing production, while others shut planes. Yes, Ford will probably be the largest automaker in the US very soon.

*I'm long F-S

1 comment:

Carl said...

Temporary fix, not a permanent one.