Monday, February 26, 2007
Dear Mr. Alan Greenspan
Since I do not know your email address maybe someone will see my BLOG and send its URL to you. Imagine my surprise at seeing a warning from you this morning. "Greenspan Warns of Likely U.S. Recession, Monday, February 26, 8:34am ET". This article also ran in China "HONG KONG (AP) -- Former U.S. Federal Reserve Chairman Alan Greenspan warned Monday that the American economy might slip into recession by year's end". I was surprised because I had sent out on Sunday, February 25, my 8th Newsletter on just this subject. However, I did not hedge and say that the economy "might slip into recession by year's end". There is a new evolving science "Kerry Theory" that can not only tell us that an recession is imminent, but also the cause (which cannot be changed, with our present government) and the timing. The recession will begin in May 2007. Are you interested?
Best regards,
Friday, February 09, 2007
Wall Street Journal
Today's Wall Street Journal, (front cover) Friday, February 9, 2007 seems to agree with not only my Newsletter sent to all my clients in December 2006 on "The Ford Motor Company" but also my BLOG article on Thursday, February 8, 2007.
Written by Neal E. Boudette in the Wall Street Journal today, "One of the toughest problems facing the ailing U.S. car industry stems from Detroit's century-old business model, which dates to Henry Ford's mass production of millions of largely identical Model T's. Rather than build cars to suit customer tastes, U.S. auto makers churn out what makes sense for their plants, and then use incentives and rebates to lure buyers".
Thursday, February 08, 2007
Ford Motor Company
Regarding Newsletter 3, Vol. 1, written in early December 2006 regarding the Ford Motor Company mortgaging all of its assets in an effort to over-haul the company. “The end of the dominance of the Model T came as inexpensive Chevrolets began to hit the markets with People began changing their buying habits and were willing indeed to pay more for styling, color and innovative pleasures, which Ford did not offer. The original black Model T was all they offered." "It appears that this is happening again. The foreign market has taken over as they offer cars with longer life, better performance and safety records, and better gas mileage. Ford again has not taken the lead and has continued to sell the same type of automobile to the American public (patterns repeat). "It is not likely that Ford will recover this time”.
Update - In mid-January the Ford Motor Company lost an incredible $12.7 billion in 2006, it was the worse loss in the company’s 103-year history.
Update - February 6, 2007 - Ford to resurrect Taurus introduced in 1985 to help sales. It will get a new, more powerful engine, and cosmetic updates. How about the gas mileage? Isn't that why the American public shifted away to the Asian models to get more fuel-efficient models? Will the new gas gulping vehicle be able to go 300,000 miles like my Camry gave me?
Ford cannot look to the past, to judge if their automobiles will be a success, that has been their pattern in the past and they have failed. If they want to be successful, they cannot continue to sell the same type of automobile to the American public (patterns repeat).
Kerry Theory Newsletters produced twice monthly, on important everyday issues, and the financial world. Contact info@kerrytheory.info
