World economy talk

[uls]

^^

haha

yup

---

oil $62.68 as i type

as usual, moving opposite the USD

[uls]

GM -- Government Motors

US Expected to Own 70% of Restructured GM
New York Times - ‎3 hours ago‎
By MICHELINE MAYNARD DETROIT — The government will hold a large share of General Motors after the company emerges from bankruptcy protection, ...

GM Majority Equity Stake to Be Held by Treasury
Bloomberg - ‎2 hours ago‎
By John Hughes May 26 (Bloomberg) -- General Motors Corp.'s equity would be majority owned by the Treasury once the automaker's restructuring plan is in ...

[Lucius]

Hmmm siguro kung meron Belo dyan, ang taas na siguro ng value

[tidus1203]

GM -- Government Motors

I think some 10 pages ago I said that the only way GM will make money is if the government become a socialist and force people to buy a so-called "PEOPLE's CAR" kinda like they had in Russia back then. Where everyone has to buy that SAME CAR from GM. Kasi diba nga GM has to sell 12M ba yun? or was it 10M? Whatever, basta masyadong mataas in a competitive open market... So if GM wants to sell 10M cars and make a profit the government has to become socialists

[badsekktor]

GM should sell matchbox instead

[Monseratto]

Following Chrysler's footsteps...

GM bondholders reject offer
Source says few GM bondholders were interested in a proposal to swap debt for stock - virtually guaranteeing a bankruptcy filing in the next few days.

The bondholders own $27 billion in corporate notes. GM (GM, Fortune 500) needed owners of 90% of those bonds to accept stock in return for the debt in order to reduce its interest expenses to a more manageable level.

GM made the offer to bondholders on April 27. The company owes the bondholders $1 billion in interest payments on June 1 - money it says it does not have.

[tidus1203]

Of course they won't swap its just business. The numbers don't add up with a stock swap. Essentially if you swap your debt to equity you are degrading your stake in the company. Remember bondholders get priority over stockholders in liquidation. If I was a bondholder I would WANT GM TO GO BANKRUPT. Because under bankruptcy I get first priority in case of liquidation. Its no longer just interest payment that is being talked about not being payed, the PRINCIPAL is at stake here...

[tidus1203]

Oil is now above $63, that is a 6 month high. Finally all those pain when oil was being sold off is paying off for me

[uls]

it's almost time to say goodbye to P30+ per liter gasoline

expect more price hikes

oil has momentum

[tidus1203]

Its not yet late to be buying into commodities, pero sa mga di pa nakakasakay you miss the Monumento station Dibale meron pa naman 5th Avenue all the way na to papuntang Baclaran

[loidch]

the price of oil should be in the vicinity of the $80/per barrel mark 3 or 4 months from now...thats where the bull's horn points.

as long as the mighty dollar keeps showing up in the form of crisply printed and smelling like money form....then all is well

but for how long, and how major countries w/c holds the US's treasury bonds can hold on until they turn into a--wipes...

sus... pag nag-holiday sa america......its like the local bourse swims like a baby.....floaters float and sinkers just waits for the fish.....

[uls]

^^^

just look at long-dated US treasury yields

if that isnt a sign of freaking oversupply, i don't know what is

that's what happens when you bail out the private sector

that's what happens when private sector losses are transferred to the public sector's balance sheet

[slamtaz]

Breaking Headline News....






GM to become the biggest automaker!!!











[SIZE=3]G[/SIZE]overnment [SIZE=3]M[/SIZE]otors... that is

[uls]

closer to home

Philippine Economic Growth Slows to 0.4% Amid Global Recession
http://www.bloomberg.com/apps/news?p...d=aUZzYwJvin1g

May 28 (Bloomberg) -- The Philippine economy grew at a slower pace last quarter, adding pressure on policy makers to cut interest rates and boost public spending.

Gross domestic product increased 0.4 percent from a year earlier, the National Statistical Coordination Board said in Manila today. That was worse than the 2.4 percent median estimate of 14 economists surveyed by Bloomberg News.

[uls]

presented without comment

[tidus1203]

^^^

just look at long-dated US treasury yields

if that isnt a sign of freaking oversupply, i don't know what is

that's what happens when you bail out the private sector

that's what happens when private sector losses are transferred to the public sector's balance sheet

The same reason I am short long term Treasuries, and been concentrating it on the 10 year. All this money printing, excess money supply, bail out's and overblown budget will make bonds unattractive...

[uls]

billions of dollars of Treasury issuance this week

oversupply talaga dude

[uls]

dito naman...

Philippine Q1 GDP falls more than expected qtr/qtr

Philippines says economy may slip into recession in Q2

MANILA, May 28 (Reuters) - The Philippine economy shrank in the first quarter by its biggest margin in 20 years and the government said it was counting on more rate cuts to avoid a recession, pointing to a central bank meeting later on Thursday.

[uls]

+++++++++++++++++++++

[tidus1203]

I feel the many central bankers and economists stick to old philosophies of RATE CUTS as ways to fight economic slump. Feeling ko lang times have changed, and economics has evolved. Rate cuts won't do the trick anymore...