So Exxon has a record windfall of profits this quarter, but GM, who builds cars that run on gas, lost over $15B. I'm sure a 7th grade Econ whiz could explain to me how one doesn't mean anything to the other, but it seems odd to me.
Nobody's buying cars. People drove 6 billion less miles last month. And Exxon still sets a record for profits.
The conflux of these two things make me feel like Joseph when the Virgin Mary told him she was pregnant: suspicious.
4 comments:
Give me an inch, I'll take a mile...
For the podcasts, how about date AND time:
JULY 31, 2008 (5:38)
i have a hunch it has something to do with the price of a gallon. don't need a new car to spend more than ever to fill your old one. don't need to drive far before you gotta fill it again.
sigh. Nerdhappy wants? Nerdhappy gets!!
diverse market offering?
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