Tuesday, June 24, 2008

The Last Desperate Gasps...

...of General Motors. That's the case that uber-economist Mish Shedlock is making.

It's actually pretty compelling:
Status symbols are out and frugality is in. That is especially tough on the Hummer because other than status, the tank had nothing going for it. I would question any company that would want to buy it. GM is late to the sales party by two years. GM is late to every party.