HAPPY NEWYEAR 2009

To all my readers and friends,

May the new year bring you good health, great fortune and much joy!!

Happy New Year 2009!!!

AUTO GIANTS IN DEEP TROUBLE

From the initial $25 billion last month, officials are now contending with a $34 billion bailout. These auto companies are losing money hand over fist and it is worrying that their cash requirements ballooned in the space of a month. I believe a turnaround for this industry without consolidation and painful reforms is unthinkable. Charity from taxpayers will result in more of the hat-in-hand circus.