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Government Motors

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Jonathan M. F. Catalán Posted: Mon, Nov 9 2009 10:17 AM

Is there any way of keeping track of GM's profit and loss in the coming years?  I think it would be interesting to keep track of the company's progress under partial-nationalization.

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Saan replied on Mon, Nov 9 2009 10:23 AM

tdameritrade.com

 Criminals, there ought to be a law.

Criminals there ought to be a whole lot more.   Bon Scott.

 

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For the most part, yes. However, with the increasing nationalization of industry, it will become evermore difficult to determine actual or true costs and prices, and therefore, profits and loses.

To paraphrase Marc Faber: We're all doomed, but that doesn't mean that we can't make money in the process.
Rabbi Lapin: "Let's make bricks!"
Stephan Kinsella: "Say you and I both want to make a German chocolate cake."

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Spideynw replied on Mon, Nov 9 2009 11:57 AM

Jonathan M. F. Catalán:
Is there any way of keeping track of GM's profit and loss in the coming years?  I think it would be interesting to keep track of the company's progress under partial-nationalization.

No.  The government has given them $50+ billion already.  They will not be profitable, until they pay that back, which will never happen.

At most, I think only 5% of the adult population would need to stop cooperating to have real change.

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Obviously, the compilation of these statistics would serve as a case in point.  I am not starting a theoretical discussion on General Motors.  I am asking how I would keep track of these statistics.  With inflation, the stock market doesn't make the cut.

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