photo by Teknorat
Quote for the day:
"This is total capitulation by GM management to the price of oil. GM believes that the high price of oil is permanent and therefore they are making dramatic cuts in their low-mileage vehicles."
- Tim Ghriskey, chief investment officer with Solaris Asset Management
Quote for the day:
"This is total capitulation by GM management to the price of oil. GM believes that the high price of oil is permanent and therefore they are making dramatic cuts in their low-mileage vehicles."
- Tim Ghriskey, chief investment officer with Solaris Asset Management
In the news:
An end of an era: General Motors says it will close four truck plants and could sell its Hummer brand in response to higher gas prices which GM sees as a permanent threat to its business.
Federal Reserve Chairman Ben Bernanke signals that the Fed is done cutting rates and are concerned about the strength of the U.S. Dollar.
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