Posts Tagged chrysler bankrupt
Stock Market Update; April 6, 2009, Stocks Decline into Earnings Season
Posted by Top Home Loans in Economy, General Banking, Investing on April 6, 2009
The stock markets are about to enter the first earnings seasons of 2009. Over the past four weeks, the majority of the economic data has provided investors with a better than expected outlook; however, as we are about to look at the market by a firm to firm basis, are things really as great as they appear to be.
With the troubled asset repurchase plan that the federal reserve has devised, convincing institutional investors to invest seems more difficult that originally thought; however, are the rumors of financial recovery true or is it just a false glimmer of hope.
With the stock market rally going on for 4 weeks strong, it was evident that stocks would eventually have to give back some of the gains that it had made over the past few weeks; however, will the earnings season bring us back to all time lows or will we continue to surge upwards?
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March 31, 2009: Wall Street Recap and Financial Updates
Posted by Top Home Loans in Economy, General Business, Investing, Mortgage Rates on March 31, 2009
March has been the best month in the stock market since 2002. The market as a whole has rallied quickly and strongly. The Federal Reserve and the Obama administration have made a series of successive moves that have brought institutional investors back to the table with financial companies. The next step in helping the financial companies recover is to temporarily suspend the mark to market ruling. With this ruling being suspended, financial companies will be expected to report better than expected earnings throughout April. This in turn will help the broader market rally throughout April; however, there is a potential downside.
As GM and Chrysler struggle to find a way to fix the damaged companies, they appear to dish out more and more negative news. Finding a fix for these two desperate companies will not come overnight; however, they have two months to find a fix to the failing industries.
With the broader market looking pretty healthy over the next few years and rates at all time lows, I am going house shopping.
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GM and Chrysler’s Days are Numbered; Could be Facing Bankruptcy Soon
Posted by Top Home Loans in Economy, General Business, Investing on March 30, 2009
Today, President Obama had came to a point with the auto industry of no return. He has requested the CEO of GM to step down from his position. The FED had also elected a CEO to take over the company. Obama has given the company a maximum of 60 days for these companies to generate feasible company strategies that will allow for the companies to be on the road to being prosperous once again.
Many potential car consumers fear that purchasing an American built vehicle could have consequences in the future. For example, if the company goes into bankruptcy, then they may not be able to get the auto parts they need in order to make the repairs, or the warranty could become voided.
The auto workers now are starting to understand that they need to make changes to their pay or they could end up unemployed like many of the people that had faced a pink slip. The workers have not fully committed to changes yet; however, they understand the severity and understand that they must make changes to survive.
GM and Chrysler need to make changes to survive, but with only 60 days left, can they make it?