GDPs DOWN - STOCKS DIVE
March 2nd 2009. The news today is that the GDP for the USA is
down 6.2; for Japan 12.7; for Europe 5.9; for Canada 3.4.
World Stocks take a nose dive - as one economist put it, "People
have thrown in the towel."
The once mighty AIG in the USA lost 62 billion IN THE LAST
QUARTER. The USA has given them 150 Billion already and will give
them more billions. It is said the mighty AIG cannot be allowed
to fold, if it did it would be like as if an atomic bomb had hit
the whole nation.
Toyota car manufacturing company wants 2.1 Billion in loans to
keep out of smashing into oblivion.
One "expert" today said, the big three USA car companies
(GM,Ford,Chrysler) will probably have to lay off 200 thousand
persons and close more car plants, to survive the long run of
this recession.
Gold, yes the bright rich stuff, took a tumble also today!
Some are saying we are close to a "depression."
The East of North America (USA and Canada) had another huge blast
from the winter man, terrible snow storms all over the place.
Would you believe in all of this worldwide mess, the famous V -
the "bug" or "beatle" car manufacturing company said they had a
15% increase for 2008. Now that is incredible! Just incredible!
Maybe once more it will be the "people's car."
Hilary Clinton is in the Middle East and is wanting to see the
Palestinians having their own nation. She is going to push strong
for this as the "powers to be" are meeting in Egypt, to try and
figure how the State of Israel can have "peace."
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