An “Economic Analyst” Blog

One of the three big companies in the American auto industry files for Chapter 11 bankruptcy. It claims that a deal with Fiat has been reached and the company will be revived one way or another.

Chapter 11 bankruptcy does not mean that Chryler will be liquidated, but that it will be reorganized. Therefore, there are chances for the company to continue to exist.

Anyway, it looks like one of the big three admitted it is bankrupt. We are waiting for Ford and General Motors to do the same…

The Moldovan people do not know whether the gas received by Moldova during the gas crisis must be payed to Ukraine or to Russia. Therefore, they did the logical thing: decided not to pay for the moment.

Note:
This is not filed under the Jokes category!

Note:
Comments are no longer allowed on this post. Looks like it is the only way to stop the spammers.

On Inauguration Day, the US market fell sharply, but recovered the next day. If we consider the fact that, on January 20th, the market was influenced by the announcement that Royal Bank of Scotland lost more than 20 billion pounds, we can say that the markets had a good start.

This was to be expected, the rally being caused by the euphoria created by the fact United States has a new president, and Obama’s presidency is an historic moment not only for U.S., but for the entire human race.

Now, Obama has to deal with it. There is much hope and there are high chances many people to be disappointed. Obama might be a symbol, but a symbol cannot solve the global economy problems.

The world is in crysis. The markets go down and America celebrates. They have a new president (#44).

Good luck, Mr. Obama! You are going to need it!