Substack cometh, and lo it is good. (Pricing)

In the long run GM is profitable

And in the long run we’ll be dead. Put it out of its misery. The probability that GM (let’s not talk about Chrysler) could enact a turnaround in a few months was nil. Most people knew that, though it seems some wanted to keep the company from filing for bankruptcy to placate the nervous animal spirits. Is the beast calm enough yet?

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