To save the car industry

www.minus19.com

10-12-2008 | Javier Gomez

car industry

The real estate sector and the car one have turned into two injured big ones of this global economic crisis. If the real estate market is completely idle and in countries as Spain has gone over almost an absolute chaos, with void sales in what it goes of year, continuous failures of companies of the sector and falls of prices in the housing, the sector automovílistico is another big example of the absence of solvency in the world.

To the strong fall of sales of vehicles, the strong indebtedness of his companies joins. The crisis strikes them loudly and the unthinkable thing might etar on the verge of happening: that General Motors, the North American giant saw exposed to a crisis. Along with her Chrysler and Ford Motors, two big companies that him do not go to the saga as for financial problems, and let's not say already in Europe of BMW or in Japan of Nissan …

It could not spend too much time without the opportune measures being taken to save the sector, and again it was the United States again the one that gave the first step on this matter. The White House and the democratic legislators have come to an agreement to inject 15.000 million dollars into the sector with the principal end of avoiding the bankruptcy of GM and Chrysler. This legislative project will be taken to the Senate for his approval.

In the Stock Exchanges, yesterday the DOw fell down more than 2 % and the Nasdaq on a 1 %, but the fact is that news about this agreement still had not. Nevertheless, the Japanese bags yes that gathered this news with strong rises. Today the futures of the Dow and of the Nasdaq aim at high place, with increases over 1 %, while Europe also has his futures in positive in spite of the strong yesterday falls in Wall Street.

Why? the question is clear. It is already not so much the strong push that is going to receive one of the most punished sectors, as the sample of which the Governments (and especially, the North American - after all, the crisis began there, and there it must finish rather than in no side-) es'tan earrings of taking the opportune and necessary measures to catch this crisis. And the best thing, the fact is that this time yes sees being operated by rapidity the legislators, and not as it happened it does not even 3 months when they all seemed to have the blindfold put in the eyes without seeing the clear signs that the global economy was throwing.

Today probably let's see beginning increases in the world bags, and the fact is that, as always, the Stock Exchanges are the best thermometer of the world económia …

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