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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
Please click HERE to read a synopsis of my view of the financial situation.

Tuesday, November 18, 2008

I speak, the Chinese listen

Tuesday at 12:01 am I posted the following quote
"...there is NO MONEY for GM, but plenty for foreign companies, especially the Chinese, who have a 2 trillion dollar bond gun pointed at our heads if the US doesn't play nice. GM should sell themselves to the Chinese, and the US government then would bail them out in a heartbeat."

And only hours later, Chinese announce:
Chinese Automakers May Buy GM and Chrysler

Wow, that didn't take long at all.
Let me try this one:
"To ensure the Chinese will rule as leading world financial leader, the government should give 1 billion dollars to overweight, balding, middle aged, computer geeks named Mike Murphy, living in USA New Jersey as a gesture of good will to the US citizens".

Hopefully this next step in my Chinese predictions won't take hours later....wait is that the door bell, brb.

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