Originally Posted by
tim wallick
the fed claims this global mess will continue till at least the 3rdq of 09 prior to turning,for America. I suspect they are wrong and they change the forecast shortly.
i just see more pain for the stock holders.Our government knew without doubt this was coming and was driven by oil when oil began its rise and Mr bush then went on record "soft selling," the pain to come for the American economy and people. and we could afford a hundred dollars a barrel oil was a major mistake imho.
they had the available data and all historical insight,which clearly painted a bad picture for the effects on the working class and American economy.They just forgot to tell us honestly of what most likely would develop and how far we were already into the process then. and what further pain to expect.
the only thing which will save Sirius is the relationships made and built by management with banking/street, if they have any real business friends that honestly don't want to snatch the company from out of current managements hands.
I'm sure at least one of the old broadcasters would love to control the system platform for use as a national broadcast system which could include local content when controlled by them.
I would also think car sales in the fourth quarter really plunge.
as more information slowly comes out of Washington and explains its going to be a longer path to correcting the economy more hope is lost, generating more downward pressure.
and Internet radio in the dash is getting closer every day.
I said early in 2004 Sirius and xm should have embraced each other then in all operational areas they could, to share as many cost burdens across the board.then honestly took the battle to old broadcasters.
which i think would have been ok within the framework of the fcc license for satellite radio. as long as they could show it was a benefit to the public and company if any questions surfaced do to the combined efforts.