09 June 2012

Losing Money In Europe

A disjointed post ending in a far different place than it starts:

I post this link only because of the second paragraph:

 Just as Europe undoubtedly felt the backlash from America's economic crisis, American companies are now feeling pain as a result of Europe's troubles. j

Two points:
1. If you are writing for MSN money why haven't you gotten the memo that global inter-connectivity is a consistent economic reality for the modern imperialist firm?   Is this really worth mentioning?

2. Regarding the 500 Million dollar loss, but Ford's domestic operating budget is 7 billion dollars.In Europe they sell about 1.5 million vehicles a year.  The average price is around $10 000 US, this means total revenue is about 1.5 billion?  Correct me if I missed a zero?  How does a company lose 1/3 of its total revenue?  I have an idea but I want to look for more numbers before I go nuts.  My guess would be more cannon fodder for the "workers and unions are killing business" right wing.  Historically the far right gains support concurrently with the left.  A bit of a late night stretch for my brain, but this narrative (if it appears) will be more evidence of a political polarization caused by the current western world recession (depression). I love speculation! 

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