Friday, 15 May 2009

What's good for General Motors ...




Hopefully this is not a time where General Motors leads and the rest of the United States follows because it is looking increasingly likely that the once great car company will end up in bankruptcy proceedings. The GM Chief Executive Officer Fritz Henderson said overnight that “it is probable” that GM will end up using the bankruptcy process. The market had already reached that conclusion with the probability rated a 90 per cent chance on the Intrade prediction market.
And if you fancy a little speculation on the chances of either the United States or Israel dropping a bomb on Iran before year's end -
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