Tuesday, May 05, 2009

Chrysler Forecast Profit - 2012

The "Wall Street Journal" reports that Chrysler reported it lost nearly $17 billion last year but predicted it can return to profitability by 2012 if it can exit bankruptcy quickly and form an alliance with Fiat. Well now, let's break out the champagne and celebrate! Does anyone really believe this prognostication. Let's get real; but, then again, the current positive perception of "good times are here again" is much better than any real dose of economic reality. However, let's start the celebration with some "Three Dog Night."

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