Troubled auto sector manifests what has happened to the economy – the problem started in early eighties and now thins are collapsing - can Kerkorian bid for Chrysler help?
Peter Oberois
Apr. 5, 2007

The auto sector manifests what really happened to the economy. The problem really started in 1980. the recession of 1981-82 was cured in an artificial way – through unnecessary balloning bugdget deficit. The auto sector collapsed as GM, Ford, Crysler’s dominance was oversahdowed by the Japanese auto makers.

The auto sector like the economy got some artificial boosts When the Givernment in late eighties decided to force to make the Japanese companies manufacture or assemble cars in America beyond certain quota.

The arrogant auto sector managements continued their obstinate policies. The economy and the stock market moved up in the bubble of the millenium. The Dow Jones Industrial Average really collpased in 1987. But artificial means were used to boost it up.

The agony and pain of the economy started in 1980s. The auto sector’s pain also staretd the same time. Now perhapes the time has run its course. The stagflation has changed to deflation. The underemployment of the last two and a half decade has now staretd changing into unemployment. The auto sector has reached a point of no recivery.

Kirk Kerkorian, the billionaire US investor, on Thursday jolted the auction for Chrysler by making an all-cash bid worth $4.5bn to take over the troubled US carmaker from its German parent, DaimlerChrysler. But can his effort really help? GM snubbed him and ran towards potential bankruptcy. Ford is losing market share every day as Totota and other Japanese companies grab the same right and left.

The economy is headed for a similar drop like the auto sector. The point of no return has come. The stagflation and starting deflation is catching up to the Federal Reserve making the Fed irrevelant. The Dow is ready to head back towards 1700 and this time it would fall below 1000 in real terms.

Troubled auto sector manifests what has happened to the economy – the problem started in early eighties and now thins are collapsing - can Kerkorian bid for Chrysler help?
Peter Oberois
The economy is headed for a similar drop like the auto sector. The point of no return has come. The stagflation and starting deflation is catching up to the Federal Reserve making the Fed irrevelant.
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The echoes of worldwide depression as the seeds of natural gas cartel starts growing next week
Paula Anderson
The gas producing nations that can easily quadruple the natural gas prices in the next nine months is forming a natural gas cartel.
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The employers using automation over low wage labor and outsourcing – the next leg of the recession can turn into depression
Media Release
It is happening in America, Japan and Western Europe. The employers are increasing productivity through use of automation. They are shunning away from cheap labor, low wageworkers and outsourcing.
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Asian stocks start sliding, Wall Street to follow – the worst stock slide in the history of recorded stock market has started
Sam Adelton
Asian stocks are sliding. The spill over effect will certainly rattle the Wall Street. April is actually the worst month for the stock market. April is worse than October.
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A four-day Global India Business Summit will be held at Cologne from July 5 with an aim to promote investment in various sectors
Media Release
About 200 delegates from Kerala including State and Central Government representatives are expected to attend the summit, he said.
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