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Will GM default on the bondholders?

Discussion in 'The Lounge' started by mtn. burb, Mar 22, 2005.

  1. mtn. burb

    mtn. burb 1/2 ton status

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    I often refer to an interesting financial site, www.gold-eagle.com and read the "Hot Reports".

    I just came across one discussing GM's financial troubles.

    A caveat is in order though. This essay writer is a doom and gloomer, and gets nutty after laying out the GM info.

    It's wierd enough that I considered not linking it.:crazy:




    http://www.gold-eagle.com/editorials_05/hommel031805.html
     
  2. tRustyK5

    tRustyK5 Big meanie Staff Member Super Moderator GMOTM Winner Author

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    Wow...I wasn't aware the US economy revolved around General Motors. The article does get a little loopy at the end. Still, if his info is accurate it looks like GM is in a world of kaka.

    Rene
     
  3. 2Dogs

    2Dogs 1/2 ton status Premium Member

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    Losing financial backing, lowering their bond status to junk or near junk will cost them even more to borrow money..... They are in a world of hurt. Thats' current fact - the article is speculation. I would like to read their finacials to really see if they have that much debt outdtanding :blush:
     
  4. 75-K5

    75-K5 3/4 ton status

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    All I know is my parents are probably fukked because about 60% of their retirement investment consists of GM stocks and bonds.:( That said, I'll probably buy a bunch of GM stock because hopefully between now and the time I'm 65 it will increase again and I can sell it at an opportune time.
     

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