June 11, 2009
STOCKHOLM (Dow Jones)–General Motors Corp.’s (GM) Saab Automobile AB Thursday declined to comment on a report by Swedish television that it has agreed to be sold to Swedish exclusive sports car maker Koenigsegg Automobile AB. Saab spokeswoman Gunilla Gustavs said the report by Swedish television station SVT is “speculation from other channels, and I can’t […]
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June 11, 2009
The Seventies are back: “As bad as the fiscal picture is, panic-driven monetary policies portend to have even more dire consequences. We can expect rapidly rising prices and much, much higher interest rates over the next four or five years, and a concomitant deleterious impact on output and employment not unlike the late 1970s.”
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