OTCPK:PTAUF - Post by User
Comment by
presto10on Dec 14, 2008 10:14am
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Post# 15645027
RE: Not again - OT
RE: Not again - OTOK the big 3 getting support is good for the USD as (as the big 3 would have you believe) 1 out of 10 jobs is 'affected' by auto manufacturing (take w/ a gigantic sized gain of salt but we get it). This dampens deflationary concerns and of course this is even better for the USD. Given that the high USD will make imports cheaper however this is bad. Any scenario (rescue or bankruptcy) will be good (or is it bad) for the USD when lots of workers are laid off as production lines and whole brands are taken off line, massive w/offs given and dealers and suppliers close shop. Maybe it doesn't matter anyhow as whatever vehicles produce sit there on the remaining dealers' lots 'cause no one can get financing. That doesn't matter as much as you think as everyone is over-leveraged anyway and shouldn't be changing and now can't afford to change vehicles every 2 years, which is patently ridiculous to begin with (from a cheapy who keeps his car at least 10 years!). The Nobel Prize is given to the Stockhouse poster who was able to outsmart the 5 digit/letter 'What's this?' anti spam 83 times in a row and developed complex mathematical models that Bill Gates then developed a software program that made Microsoft a 'go to' tech again. The Nobel Prize winner winner died a drunk and SH went bankrupt. OK, now that we now what's going to happen to the USD, go to it boys! I'm going to try and post this AGAIN.