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Found 3 results

  1. We'll more and more evidence that we are heading towards a bear market. https://www.marketwatch.com/story/the-next-bear-market-in-stocks-will-spark-a-retirement-crisis-2018-06-27 Social Security has started to tap trust funds that will run out by 2034. Medicare has increased using trust funds that are expected to be depleted by 2026. End result is both programs are expected to be insolvent and the gov continues to increase spending on defense over taking care of the country. 10,000 baby boomers retire every day making this an even bigger uglier mess. We are in the 10th year by some of a bull market that has quadrupled since March 2009 with an average 17.5% return, outpacing the prior 89 years of a 10% average growth by S&P 500. A correction is over due. 401K's have been pushed to their highest level ever, but over half of retires will not be able to afford basic expenses in retirement. Pension funds by feds, state, county and cities not to mention private companies will see major hits as they are greatly underfunded and a bear market could force many of them to become bankrupt liabilities that will destroy people counting on their pensions. Corporate tax cuts and go for broke spending of the current administration and political groups in DC has guaranteed Trillions in budget deficits for the next 10-20 years at a time that interest rates are rising. Federal Reserve added $3 trillion to it's balance sheet to deal with the last depression / recession has no room to address the next one. This means rate cutting will not happen and central banks will not be able to buy up bonds. Many have prepared for this, but more often than not many more have not. Paying down debt and saving is a must for everyone.
  2. FCA CEO Sergio Marchionne is giving it a rest when it comes to merger talk. Speaking with Bloomberg, Marchionne says he will focus on growing FCA through 2018. After 2018, Marchionne could retire from the company. Last year, Marchionne campaigned publicly for a merger of FCA and General Motors. GM's board looked at his proposal in the summer and rejected it. After this, Marchionne backtracked somewhat, saying the merger could generate $30 billion a year in cash. But now, Marchionne says any chances of a possible GM merge are done. “I met Mary Barra less than a month ago in Washington. I don’t think I will have another coffee with her. It won’t happen again in the future.” Of course, the talk of merging with GM must have brought some other companies out of the woodwork? Marchionne explained that he did get proposals, but were deemed not very attractive. He still believes a big merger is possible, but "it will be someone else's duty." Now with the merger stuff mostly out of his system, Marchionne will focus on finishing the current five-year plan for the company. His overall goal is to increase global deliveries to seven million units a year by 2018. To achieve this, FCA will invest around $52 billion for new products. Source: Bloomberg
  3. FCA CEO Sergio Marchionne is giving it a rest when it comes to merger talk. Speaking with Bloomberg, Marchionne says he will focus on growing FCA through 2018. After 2018, Marchionne could retire from the company. Last year, Marchionne campaigned publicly for a merger of FCA and General Motors. GM's board looked at his proposal in the summer and rejected it. After this, Marchionne backtracked somewhat, saying the merger could generate $30 billion a year in cash. But now, Marchionne says any chances of a possible GM merge are done. “I met Mary Barra less than a month ago in Washington. I don’t think I will have another coffee with her. It won’t happen again in the future.” Of course, the talk of merging with GM must have brought some other companies out of the woodwork? Marchionne explained that he did get proposals, but were deemed not very attractive. He still believes a big merger is possible, but "it will be someone else's duty." Now with the merger stuff mostly out of his system, Marchionne will focus on finishing the current five-year plan for the company. His overall goal is to increase global deliveries to seven million units a year by 2018. To achieve this, FCA will invest around $52 billion for new products. Source: Bloomberg View full article

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