Car Czar Consulting says: This is real. Read on. Then see the video below re: San Diego, CA on the brink.
Muni Threat: Cities Weigh Chapter 9
WSJ, Feb. 19, 2010, Just days after becoming controller of financially strapped Harrisburg, Pa., in January, Daniel Miller began uttering an obscure term [...]
Car Czar Consulting says: Rule Number 1: You can’t spend what you don’t have. Why should 49 states support CA’s wasteful spending ways?
Send Arnold home! See Pres. Reagan’s sage advice in the video below.
California Pushes for Federal Help
WSJ, Dec. 31, 2009, Facing a $21 billion shortfall through June 2011, California leaders want billions of dollars [...]
Car Czar Consulting says: Welcome to CA! “…In many of these relatively affordable bedroom communities, subprime lending was rampant. As families clamored to buy homes, prices inflated to match their exuberance. But when the mortgage market disintegrated, these outer-fringe cities were left with a glut of new housing, and the value of these [...]
Car Czar Consulting says: Someone please sound the “All Clear” once this crisis is over.
Be sure to see the stimulus analysis video (I’m using a small “s” purposely) below.
Good luck to all.
Michigan unemployment tops 15%
CNN, July 17, 2009 Michigan became the first state in 25 years to suffer an unemployment rate exceeding 15%, according to [...]
Car Czar Consulting says: It’s a fact that we tend to look to CA for most trends. If this is one of them, maybe it’s time to stop and reflect on how to extract ourselves from this mega-mess, if it weren’t for the fact that CA is still part of the Union (make that The [...]
Car Czar Consulting says: When you’re in the middle of a economic storm, you better find some place to hunker down and ride it out if you can. If not, move to higher ground, however you might define it, in this economic tsunami.
The effect on the car business is somewhat obvious. Certainly, there’s a need [...]
Car Czar Consulting says: The Governor acknowledged what we knew: CA is between a rock and hard place. With no bailout from Washington DC forthcoming, unfortunately, it’s time for tough medicine to be meted out by the state to the most-needy among us.
It’s a disgrace!
Schwarzenegger pushes lawmakers for quick action on budget cuts
‘We have run [...]
The Car Czar says: Here’s a sobering assessment in the President’s own words: “We’re out of money.” He also said that California has “very serious choices.”
Your parents would say: “Make a budget and stick to it!” Sounds like good advice to me.
Remarkably, all this was “caught” on video below.
You got to love it when things [...]
Car Czar Consulting says: The US appears to be back-sliding and CA is, once again, leading the way!
Get ready to grab your ankles!!
(Bloomberg), May 20, 2009
Fed officials projected a deeper U.S. recession than they previously expected, and opened the door to buying more mortgage-backed and Treasury securities to help stabilize the financial system. Treasury prices [...]
Car Czar Consulting says: It appears Main Street continues to be in for rough sledding through 2009. Personal and business bankruptcies are through the roof!
This disquieting news effects purchases of new homes, cars and other durable goods.
Some will determine to make their own luck. In any event, good luck to all. Looks like we’re [...]
