WarrenJ Posted August 7, 2008 Report Share Posted August 7, 2008 http://www.cnbc.com/id/26034700/ There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
JimD Posted August 7, 2008 Report Share Posted August 7, 2008 In order to survive in this market, the Detroit Big Three are going to have partner up with somebody that has a positive cash flow. There is close to 30% too much production capacity (and labor) sitting idle or building the wrong equipment. The face of Detroit will be very different 12 months from today. Jim Drive your car. Use your cell phone. CHOOSE ONE ! Link to comment Share on other sites More sharing options...
Bruce Nunnally Posted August 7, 2008 Report Share Posted August 7, 2008 Seems like a great time for an oil company to buy GM lock stock and barrel to me. Bruce 2023 Cadillac CT4-V Blackwing Follow me on: Twitter Instagram Youtube Link to comment Share on other sites More sharing options...
WarrenJ Posted August 8, 2008 Author Report Share Posted August 8, 2008 Seems like a great time for an oil company to buy GM lock stock and barrel to me. Talk about synergy! There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
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