American auto manufactures are criticized for building gas guzzlers. They built the vehicles with the assumption that the gas prices will hover around $.2.50. Which is the price now and the right price.
But the hedge fund managers fudged the market and raised the prices to unbearable levels, artificially pushing the American manufactures to brink of collapse. Which is followed by the worst economy in decades.
Who's to blame for the Automobile industries mess?
A) Hedge fund managers
B) Economy
C) Themselves
I think the answer is 'A' and 'C' (Americal auto industry is not nimble).
Monday, January 19, 2009
Who is to be blamed for American automobile industry mess?
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