Tag Archives: GM

Another Day, another Govt Distorted Data Set:

By Andrew Busch | Published: September 2, 2010

Yesterday, the auto industry released their August sales numbers and they were ugly. Compared to 2009, August 2010 sales plummeted 21% with General Motors Co., Toyota Motor Corp. and Honda Motor Co. all reporting declines of 25% or more. Ford Motor Co. was the tallest pygmy in the group as its sales only dropped 11%. Why such large year-over-year drops?

Cash-for-clunkers, of course! In 2009, this was a stimulus program that thought it was a good idea to take perfectly functional cars and destroy them for a subsidy between $3,500 and $4,500. As the data shows, the program was wildly … …READ MORE

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Return to the Downside

By Andrew Busch | Published: March 30, 2009

Over the weekend, the bad news has returned with the volume turned up to a Spin Tap level of 11. This has shaken the equity markets hard. This is what I was concerned about last week and why I thought we’d trade ranges. To recap, my call was: “We’re going to need to spend time bouncing around in ranges from the S&P 500 (780-840) to the 10 year note (2.5% to 2.9%) to the US dollar (82-87) before we can gain certainty that the worst is over and that our past isn’t going to catch up to us.” Well, the … …READ MORE

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