So GM’s ineptitude led to the untimely deaths of at least 300 people. Remind me why you people buy American cars? These death boxes are made in Detroit. I don’t want to own anything that is made in that city, by those people. Even if they were built in Japan, I wouldn’t buy an American car, since the engineers and management are part of the same organizations that have personified the definition of mediocrity for decades.
Tesla, on the other hand, represents the future. It’s not that I am against American made cars, only GM and Ford. If Apple made a car, I’d buy it in a second. American innovation is alive and well. We need new blood, fresh ideas, that aren’t represented by the duapoly of GM and F. I am not bullish on TSLA’s stock here. However, I am rooting for them.
If you recall, the Asian contagion crisis of 1997-1998 started with Russian default. Naturally, Russia is in a much better position now, thanks in large part to oil. But we shouldn’t ignore what the market is broadcasting either. Government yields north of 9% spell danger. Couple with the fact that the Russian stock market is down over 30% since November, I think it’s fair to say the R in BRIC is dead.Twitter