Big winners today are car makers. It were the European car makers which are the main outperformers in the credit markets. Yesterday the UK joined France and Germany as the latest EU member promising support for their local ailing auto industry. Does it mean we have to buy the Big Three of Detroit en masse? Or flocking to Toyota and Honda? And what about Volkswagen?
We remain careful as throwing money to an industry doesn’t mean the consumer is ready to go out and buy ‘stuff’ again.
We remain careful as throwing money to an industry doesn’t mean the consumer is ready to go out and buy ‘stuff’ again.
We can ask ourselves: what sector will be next?
Airlines?
No comments:
Post a Comment