Billions & Millions ….
Coincidence perhaps; but two $14 billion deals hit the eye today!
GM reaches a deal to sell a majority stake in GMAC for $14 billion. The cash would come in over 3 years.
Over at Berkshire Hathaway, another $14 billion bet - that global stock indices won’t drop over the next 20 years. Three of them are non-US indices; which implies that the fourth is a US index, and someone was worried enough to cover the bet!
An interesting find at Newmark’s door; In a topsy-turvy world, would you pay $15 million for a tankful of gas? It isn’t an April Fool’s gag, gas prices haven’t gone crazy either; it just depends on which dollar you talk about.
Amid all this, pfblogs.org’s fund raising campaign, which I’d like to recommend to all readers. I’ll be doing my bit, personally - but this is one request that I endorse. This is one great site, and every little bit counts. They’ve already got off to a good start, let’s help keep the momentum going.
Written by 2cworth on April 4th, 2006 with
1 comment.
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#1. April 4th, 2006, at 2:10 PM.
As always, smart moves by Warren Buffet.
Anyway, here’s a good resource / article on global markets and developments.
http://www.bedlamplc.com/midquarter_reviews.html
http://www.bedlamplc.com/c2/uploads/mqrmarch061.pdf
I have heavily vested in gold, but I do not believe economic recessions will be good for the precious metals markets. Nor will Japanese equities be spared.