Tuesday, November 18, 2008

Credit Munch And GM Bail-Ins

"We're in a credit crunch." Maybe not.

"GM needs a massive bail-out." GM's overseas sales (and those of the other members of the Big Three) indicate they're stronger than they're given credit for.

Now, does this mean those problems we've heard so much about are not there? Probably not, but they do show that we've been lied to by some alarmists to a significant extent.

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