Posts filed under “Video”
Feeling mauled by the seemingly undying bear market? Take a look at the year-to-date performance for some biggest of the big-name investors and consider yourself in good company:
* Warren Buffett (Berkshire Hathaway): -43%
* Ken Hebner (CMG Focus Fund) -56%
* Harry Lange (Fidelity Magellan): -59%
* Bill Miller (Legg Mason Value Trust) -50%
* Ken Griffin (Citadel): -44%
* Carl Icahn (Icahn Enterprises): -81%
* T. Boone Pickens: Down $2 billion since July
* Kirk Kerkorian: Down $693 million on his Ford shares alone
My guest suggests these staggering losses are simply a matter of the fact that “a bear market gets everyone” — even Wall Street legends.
click for video
How the Mighty Have Fallen: Buffett, Other Legends Feel Bear Market Bite
Nov 20, 2008 01:56pm
Congress split on whether to bailout U.S. car makers; Big three CEOs visit congress to plea for government help; GM, Ford, Chrysler CEOs say failure could be ‘catastrophe’; CEOs say automakers will accept conditions to taxpayer aid; Automaker aid-bill looms.
Automaker aid bill looking less likely, lawmakers say; Wagoner: People won’t buy cars from bankrupt automaker; CEOs say automakers will accept conditions to taxpayer aids; Analysis by Greg Miles Of Bloomberg News
This is a video of a new Ford plant in Brazil.
Butch writes in:
Pretty fascinating stuff. No wonder manufacturers want to leave the USA!. The UAW will not allow this to happen in the USA. One look at this and each of you will instantly be able to tell what is wrong with the manufacturing plants of the US car makers and why there will probably never be another one built in the US. It will also point out why more will go off shore.