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Obvious really, but the BBC dieselgate article reminded me of the last financial crisis, and the roles of the regulators and the bond rating agencies; the same 3 factors always apply:
1) The devil is always in the details, and producers will go to extraordinary lengths to exploit such.
2) Government interventions nearly always make things worse, at least at first.
3) Regulations and ratings are pointless unless they are done by truly independent bodies and are based on good science and math.
AMERICA FIRST: "we don't cheat - but deliver the cleanest diesel trucks ever"
With this law suit against Ford and Bosch (Bosch already paid a sweet fine of 327.5mio $) VW's tiny little fine of 25 billion dollars to the USA seems ridiculous - isn't it?
Let's see to where those investigations will lead.
Especially in the old European countries... (Fahrverbote für Ford?)
GFIs1
I see - should open a NEW thread - as the VW diesel scandal seems to be a world wide one
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
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Amazingly this is a non-event here, and not in the news at all. But then US Society is so litigious that people may just not give it any credit and just assume Hagens Berman are just another ambulance chasing law firm.
EU wants to get that simple money of 25 billion $ sent over the ocean with ZERO compensation back.
As those illegal VW cars were banned in USA the same will happen in EU if US cars are no longer tolerated...
Think of America first against EU first...
Then things might seem a bit more clear.
As in Europe some intensive US law suits are in the news - more of those incredible US fines are @ hand.
Means US cars will be under special investigation on imports...
Be sure to hear even in Houston more of this sort... as well as from China!
I would dare to put my hand in the fire, based on my experience with China
if the German car makers were fooling the emissions tests a little bit
what the Chinese equivalent should look like ?
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
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Maybe 'non event' was the wrong choice of words. 'Lacking coverage in mainstream media would have been better'. Most American's don't watch/read Reuters/Bloomberg/CNBC - they watch local news and read Facebook & Twitter. There's a reason 'Fake News' is so prominent here. Too much/most US News is about selling advertising, not producing accurate or informational content. I honestly think if you did a survey of Americans less than 1 in 20 would know about this.
Case in point. Houston is the 4th largest city in America. The local news paper is the Houston Chronicle. I just did a search for "Diesel Engine" on their site, using Google. On pages 3 and 4 of the results there's 1 article (each page) about VW. Nothing about the 'Hagens Berman' lawsuits which I believe have been going on for months.
Well thanks for opening our European eyes.
Be sure - those things will come up when real tough fines for US car makers as well as import restrictions to Europe, Asia et al will be on the table.
From that moment on some stocks will have shocking movements and US people might be informed.
Of course we are very aware that a normal US citizen is not informed about what is behind the guards. Is a lack of speaking more than ONE language as well as to think about what might influence the states. The actual president seems to support those short thoughts.
GFIs1
PS: please be informed that above mentioned president wants to visit Switzerland (yes - my country) to attend the WEF party (World Economic Forum in Davos) as the second US president since 2000. He will be here to dictate some more America First sentences. But this is not welcomed as the WEF is a place for world wide open trading and securing people in every country. We will see what impact this might have for USA. For sure - THIS will be not even make headlines in your local tv's! Just to know: at the WEF some important US billionaires like Bill Gates under others are on board nearly every year...
PS II: US pres needs to bring along 1500 people to secure his life during his stay in the most secured country in the world - named Switzerland travelling to DAVOS. First big aircraft landed today in Zurich.
Just to know - the small village of Davos in the snowy mountains has exactly 11136 inhabitants...
Some off topic here - but influencing the markets around the world:
The biggest lender to USA (according to news today) is CHINA*.
They lent 1.2 trillion dollars in bonds to the USA.
As China is thinking to no longer invest in the US bonds that might
get USA into troubles. And the US $ will shrink against any other
currency very soon.
Influence of the stock markets and car makers - such theme
should be above every soap opera made by US film makers...
That would be pure self destruction...
where will china dump all there cheap low quality stuff if they kill the US
and indirectly the US consumer market ?
If you can point me a viable alternative, then i give your theory a chance....
if not, no chance...
