b2 gurus | business news

What a fast moving 2 weeks in the markets. Auto industry news, more credit scares, energy prices still rising causing everything to be volatile. Today, on City 24, there was a live video feed from the Economic Club down in Ottawa and it features Mr. McCain from the USA Now for the elections down south, I am all for Obama, and I hope I will get to meet him one day. Well, back to McCain, he said many good things about Canada and keeping NAFTA in tact. It was very clear that he did his homework on our trade and energy policies. I assume that he also talked about tax cuts to battle the recent rise of inflation and the imploding housing industry. What I was watching, was an educated man, surprisingly from the same party as Mr. Bush. A few years back, Rick Mercer made a fool out of Bush when George agreed our Prime Minister “Poutine” was smart for siding Republican.

But, a few months ago, McCain started that gas tax fad along with Clinton. The way Obama shut them down, I wonder if Obama is the only one who has taken economics. Gas tax cuts would only create shortages, and unbelievable lines at gas stations. But I read in articles, that once Obama is elected, investing will decrease because he is a Democrat. However, I believe that he would be good for the economy through spending large funds on government programs. This money would circulate through the economy and increase consumerism. The other Rupublican solution of tax cuts, and declaring war does not seem to working all that well. Although, I bet Obama will use a mix of all three, increase spending, tax cuts, and declaring war on POVERTY :D, to turn the economy around. If you really think about it, a Democratic party would benefit the public the most, but down South, religion plays a huge part, and clouds judgement. Well, I hope Obama gets in, because its about Time for CHANGE!!!!!

Now, to recent news, negative pick-up truck numbers. Canada is still brewing over the GM shut-down of pick-up truck plants in Ontario. Until this year, the number one selling car in America surprisingly was the Ford F-150 pick-up truck, but now is being replaced by the classic Honda Civic. The fact that GM shut down the plant right after signing a union contract to freeze wage increases, and then numbers revealed that the Windsor plants were some of the more efficient GM plants in North America. I would not be surprised if GM is doing this to embuzzle more financing from our fed. I know we finance them to keep jobs in Canada, but their green strategy was the last to hit the market. From an economic viewpoint, we are financing bad business, because fewer and fewer people are buying GM gas-guzzlers. If GM leaves, I am sure our skilled, and efficient labour workforce will attract other car companies.

Crude looks to be stabilizing due to positive news from China, and the Saudis. Then again, credit scares destroyed all hope. Many more billions in financing, but in crisis, there is opportunity. Look at the numbers of JP Morgan, Wells Fargo and Bank of America, awesome numbers and almost undervalued. As an intelligent investor, I will be looking at some reports, apply some number crunching and in my next post I will take you along for a closer look at some investing possibilities.

In the meantime check out this video on Mayor Bloomberg’s disguised support for Obama!

Signing out,

ZEZ