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ANGRY BEAR’S ECONOMIC ROUNDUP

…Retail sales dropping like a rock Economic weakness ‘feeding on itself,’ analysts say U.S. AUTO INDUSTRY 12/11 – Auto Bailout Clears House but Faces Hurdles in Senate 12/11 – Auto

Auto thinking

rdan James Kwak of Baseline Scenario asks an important basic question concerning the statement that ‘big cars are inherently more profitable for car companies, so smaller is bad for profits’,…

Job losses more than in auto industry

rdan NYT reports: With its losses mounting, Wall Street is cutting jobs faster — and deeper — than even pessimists had feared… In one the largest single rounds of layoffs…

GM and Japanese style on auto

rdan hat tip to reader Jack for this example of reading making the rounds of car dealers: Subject: An example of American management expertise. It’s nice when they use an…