Professor Mark J. Perry's Blog for Economics and Finance
According to the government, GM's Rick Wagoner was forced to resign because of poor performance. That’s embarrassing. You run an organization that loses billions of dollars and then get fired by a guy who heads up an organization that loses trillions of dollars.
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
3 Comments:
Nice one :-)
"The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'" - Ronald Wilson Reagan
The increases in the quantity and quality of autos exceeded the rises of inflation.
After the market clears of excess capital and goods, there will likely be rising interest rates, accelerating inflation, and greater taxes, or the illusion of prosperity, e.g. through the creation of inefficient jobs.
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