I think will not, because US car industry has no future. Their car
-style is out dated
-size is very big
-big eater of fuel oil
conclusion: no one will buy it
SO, why govt has to help? It's just like 'siu ngan jee'
Read news again and said 'consider' helping and 'doing research' now, not yet confirmed.
US govt used to have 700 yik and now left only 150 yik. If helped automakers, may have no $ left. Even if help now, $ will run out soon since auto industry in US is making big losses. So eventually auto industry will 'bau bo' 1 day.
Why US currency is stronger now is because all countries are supporting their currencies buying their 'jai guen'. Given 1 day other countries don't support due to seeing US problems cannot be helped out, there maybe war as US has to fight for resources from other countries.
So it maybe a good time to buy gold. I will definitely buy more gold when it drops to 750 per tael.
Very scary econ...I am now very pessimitic after listening to more analysis from my hubby.
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