zero hedge Sun 2010-01-03 16:28 EST

TrimTabs Asks: Who Is Responsible For The Non-Stop Market Rally Since March; Gives Some Suggestions

TrimTabs' Charles Biderman

If the money to boost stock prices did not come from the traditional players, it had to have come from somewhere else. We do not know where all the money has come from. What we do know is that the U.S. government has spent hundreds of billions of dollars to support the auto industry, the housing market, and the banks and brokers. Why not support the stock market as well?

gives; March; Non-Stop Market Rally; response; suggesting; TrimTabs Asks; Zero Hedge.

naked capitalism Thu 2009-11-19 10:49 EST

GMAC has been nationalized

Edward Harrison of Credit Writedowns

And you thought the bailouts were over and market discipline might be restored. Not a chance -- the bailouts will continue, come hell or high water. The latest demonstration of this is GMAC, where the government will now be majority owner. GMAC has officially been nationalized. Now the government is running auto financing in addition to running the companies making the cars.

GMAC; naked capitalism; nation.

Credit Writedowns Mon 2009-09-14 14:43 EDT

Murder-Suicide in Chimerica

Edward Harrison

threading the events of 2008 and 2009 together makes a compelling case that the Chinese -- U.S. marriage is coming apart...GSE collapse, Geithner's charges of Chinese currency manipulation, Chairman Wen slamming the U.S. as a profligate nation, stimulus bill buy-American provision, a steady drumbeat of ditch-the-dollar talk coming out of China, Chinese central bank head Zhou's call for a new international reserve currency, Obama's chinese tire tariff was ``proverbial serving of divorce papers''. Expect prices to rise, look for Chinese retaliation on U.S. poultry and auto products...This marriage is over. The question is whether it will end gradually and peacefully in divorce or violently in murder-suicide.

Chimerica; credit writedowns; murder suicide.

Calculated Risk Thu 2009-09-03 11:43 EDT

Houses and Autos: The Cost of a Tax Credit per Additional Units Sold

CalculatedRisk

To calculate the cost of a tax credit per additional unit sold, we need to sum up the total cost of the credit - as an example $2.877 billion for Cash-for-Clunkers according to the Dept. of Transportation - and then divide by the estimated increase in sales because of the credit. Remember some cars or houses would have been sold anyway (even though they still receive the tax credit), but it is the additional sales that matter. That was the purpose of the tax credit! (update: Shnaps notes that the auto credit had an additional benefit of better mileage). Highly inefficient subsidies for home and auto purchases.

Additional Units Sold; auto; Calculated Risk; cost; Housing; Tax credit.

Mish's Global Economic Trend Analysis Thu 2009-08-27 10:52 EDT

Bankrupt Auto Parts Suppliers Seek $100 Million In Executive Bonuses

Michael Shedlock

In every corner, greed continues to amaze. Please consider Bankrupt suppliers seek exec bonuses. A growing number of bankrupt auto suppliers are seeking court approval to pay tens of millions of dollars in bonuses to key executives, as they shed employees and cut costs.

100; Bankrupt Auto Parts Suppliers Seek; executives bonus; Mish's Global Economic Trend Analysis.

Wed 2009-05-20 00:00 EDT

naked capitalism: Obama Pushing "Quick, Surgical" Big Auto Bankruptcy Fantasy

Big Auto Bankruptcy Fantasy; naked capitalism; Obama pushes; quickly; Surgical.

Tue 2009-04-21 00:00 EDT

naked capitalism: Guest post: Obama's auto plan: good strategy, poor tactics

by Edward Harrison

good strategy; Guest Post; naked capitalism; Obama's auto plan; poor tactics.

Thu 2009-02-26 00:00 EST

naked capitalism: Geithner and Summers Consolidating Power (Auto Bailout Edition)

Auto Bailout Edition; Geithner; naked capitalism; Summers Consolidating Power.

Fri 2009-01-16 00:00 EST

Mish's Global Economic Trend Analysis: Auto Sales Collapse, GM At 49 Year Low

49-year low; Auto Sales Collapse; GM; Mish's Global Economic Trend Analysis.

Tue 2009-01-06 00:00 EST

Mish's Global Economic Trend Analysis: Auto Sales Plunge To Lowest Level Since 1982

1982; Auto sales plunge; lowest levels; Mish's Global Economic Trend Analysis.

Fri 2008-11-07 00:00 EST

Mish's Global Economic Trend Analysis: Grim Auto News On Every Front

front; Grim Auto News; Mish's Global Economic Trend Analysis.

Thu 2008-05-08 00:00 EDT

Angry Bear: Auto Loan and credit card debt bonds?

Fed accepting asset-based bonds as collateral

Angry Bear; auto loans; credit card debt bonds.