Posts Tagged ‘Ford Motor Co’
Toyota’s First Operating Loss Since 1938 Spells Trouble for Japanese Economy
Money Morning asked:
Joining a chorus of ailing U.S. automakers, Toyota Motor Co. (TM) yesterday (Monday) forecast its first operating loss in 71 years on plummeting demand and sharp appreciation of the Japanese yen. The announcement prompted Moody’s Investors Service to consider downgrading the company’s top-rated credit.
But the news may have bigger implications for Japan’s entire economy, as the country’s exports continue to take a beating from sagging worldwide demand for its products.
Japanese exports plunged 26.7% in November from a year ago. Shipments to the U.S. slid an unprecedented 34%, Japan’s Finance Ministry said. A strong yen, which makes Japanese goods more expensive, combined with deflated consumer spending, is hammering Japanese exporters.
Toyota will post a $1.7 billion (150 billion yen) loss in the year through March, it said in a statement, scrapping a previous forecast of a $6.6 billion. The last time Toyota posted an operating loss was in the year ended March 1938, spokesman Hideaki Homma told Bloomberg News.
The environment we’re in is extremely tough,” President Katsuaki Watanabe told reporters in Nagoya. “We’re facing an unprecedented emergency situation. Unfortunately, we can’t see the bottom.”
U.S. auto sales are down 16% this year, led by declines of 28% for Chrysler LLC, 22% for General Motors Corp. (GM) and 19% for Ford Motor Co. (F), Bloomberg News reported. The three U.S. automakers will close about 59 factories over the next month as they struggle to avoid bankruptcy.
It is difficult to envision any swift recovery from the present damage in the U.S., Toyota’s core market, and we anticipate increasing cuts in overseas local production,” wrote Barclays Capital (BCS) analyst Tsuyoshi Mochimaru in a research note on Dec. 19, according to MarketWatch.
Compounding the demand problem is a surging yen, which erodes overseas profits for Japanese exporters. The yen has gained 25% against the dollar this year.
But Toyota’s problems may just be the tip of the iceberg for Japan’s economy. The November export plunge was the biggest drop on record, as global demand for cars and electronics collapsed.
Earlier this month, Sony Corp. (ADR: SNE) announced it was cutting 8,000 jobs, or about 4% of its worldwide workforce. Sony recently blamed a 72% profit plunge in the third quarter partially on a resurgent yen. Electronics company Sanyo Electric Co. (OTC: SANYY), facing tough market conditions around the globe, agreed Friday to sell itself to rival Panasonic Corp. (PC).
“Japan’s economy has never weaned itself off of the overbearing reliance on exports, and especially to the U.S.,” said Kirby Daley, senior strategist and head of capital introductions at Newedge Group. “Japan did nothing to prepare itself” for the collapse in demand from abroad, he told Bloomberg News.
Like the U.S. Federal Reserve, The Bank of Japan has been hacking away at interest rates in an attempt to stanch the economic bleeding. Japan’s central bank lowered rates to 0.1% on Friday. But the rate cuts haven’t been enough to kickstart the Japanese economy, as the yen has remained stubbornly strong.
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Joining a chorus of ailing U.S. automakers, Toyota Motor Co. (TM) yesterday (Monday) forecast its first operating loss in 71 years on plummeting demand and sharp appreciation of the Japanese yen. The announcement prompted Moody’s Investors Service to consider downgrading the company’s top-rated credit.
But the news may have bigger implications for Japan’s entire economy, as the country’s exports continue to take a beating from sagging worldwide demand for its products.
Japanese exports plunged 26.7% in November from a year ago. Shipments to the U.S. slid an unprecedented 34%, Japan’s Finance Ministry said. A strong yen, which makes Japanese goods more expensive, combined with deflated consumer spending, is hammering Japanese exporters.
Toyota will post a $1.7 billion (150 billion yen) loss in the year through March, it said in a statement, scrapping a previous forecast of a $6.6 billion. The last time Toyota posted an operating loss was in the year ended March 1938, spokesman Hideaki Homma told Bloomberg News.
The environment we’re in is extremely tough,” President Katsuaki Watanabe told reporters in Nagoya. “We’re facing an unprecedented emergency situation. Unfortunately, we can’t see the bottom.”
U.S. auto sales are down 16% this year, led by declines of 28% for Chrysler LLC, 22% for General Motors Corp. (GM) and 19% for Ford Motor Co. (F), Bloomberg News reported. The three U.S. automakers will close about 59 factories over the next month as they struggle to avoid bankruptcy.
It is difficult to envision any swift recovery from the present damage in the U.S., Toyota’s core market, and we anticipate increasing cuts in overseas local production,” wrote Barclays Capital (BCS) analyst Tsuyoshi Mochimaru in a research note on Dec. 19, according to MarketWatch.
Compounding the demand problem is a surging yen, which erodes overseas profits for Japanese exporters. The yen has gained 25% against the dollar this year.
But Toyota’s problems may just be the tip of the iceberg for Japan’s economy. The November export plunge was the biggest drop on record, as global demand for cars and electronics collapsed.
Earlier this month, Sony Corp. (ADR: SNE) announced it was cutting 8,000 jobs, or about 4% of its worldwide workforce. Sony recently blamed a 72% profit plunge in the third quarter partially on a resurgent yen. Electronics company Sanyo Electric Co. (OTC: SANYY), facing tough market conditions around the globe, agreed Friday to sell itself to rival Panasonic Corp. (PC).
“Japan’s economy has never weaned itself off of the overbearing reliance on exports, and especially to the U.S.,” said Kirby Daley, senior strategist and head of capital introductions at Newedge Group. “Japan did nothing to prepare itself” for the collapse in demand from abroad, he told Bloomberg News.
Like the U.S. Federal Reserve, The Bank of Japan has been hacking away at interest rates in an attempt to stanch the economic bleeding. Japan’s central bank lowered rates to 0.1% on Friday. But the rate cuts haven’t been enough to kickstart the Japanese economy, as the yen has remained stubbornly strong.
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An Update on 3 Automakers: Nissan, Ford, Toyota
Jerick Brooks asked:
Renault-Nissan Chief Executive Carlos Ghosn, recently said, in a speech in Washington, Nissan Motor Co. will offer a diesel version of its Maxima sedan in 2010. It will be powered by a Renault-designed engine.
While fuel prices rise, fuel economy and emissions rules would continue to toughen around the world. Ghosn explained the decision to introduce the car was partly based on this belief. He said the Maxima diesel will get an estimated 30% better fuel economy than the gasoline version.
Still to mention Nissan, according to the first-quarter 2007 model-year Global Quality Research System report by the RDA Group, the automaker together with Toyota has the same quality of Ford, Lincoln and Mercury vehicles. Some reports say consumers might not believe it. But that was revealed by the said market research firm based in Bloomfield Hills.
For every 1,000 vehicles, Ford, Lincoln, Mercury brands had 1,456 problems. Nissan and Toyota, on the other hand, had 1,457 and 1,453 problems, respectively.
The RDA Group’s report, released in the middle part of this week, surveyed more than 30,000 new owners of 2007 model-year vehicles after three months of purchasing them from the car dealers.
The survey did not include the owners of the newest 2008 vehicles, such as the Ford Edge or the new Ford Super Duty, as the research’s population size. But new vehicles like the 2007 Ford Expedition and Fusion helped float the results. Ford stopped selling the said pickup temporarily to fix a problem that caused flames to shoot out the exhaust system of some units. Ford also delayed delivery of the Edge late last year to ensure top-level quality of the product.
On a brighter side, Ford Motor Co. said this week it had reached a preliminary agreement to sell three glass plants as the automaker looks to shed its unprofitable Automotive Components Holdings group.
The company said it reached a “memorandum of understanding” with Glass Products for plants in Nashville, Tenn., Tulsa, Okla., and its Vidriocar unit in Juarez, Mexico. ACH Glass operations employ about 1,600 and supplied glass for about 2.7 million vehicles last year.
Still on a brighter side, Ford Motor Co., according to Bennie Fowler, Ford’s vice president for global quality, reduced its corporate problems by 8%, better than the overall industry improvement of 2%. He further said the company’s improved quality will have a very vital role in their future marketing strategies.
Toyota, on the other hand, seems to have problems on Georgia Emission tests.
Some reports say Toyota is soaring high in eco-friendliness with its Prius hybrid car. However, this seems to be ironic for Georgia emission testing equipment. Toyota Prius hybrids are now being required to go through emission testing to complete yearly registration procedures. But these fail the test.
The emissions test requires that a probe be placed in the vehicle’s exhaust pipe to measure the particulates emitted while the engine is idle or at the use of OBD-II to test 1996 and newer vehicles. The problem is that the Prius doesn’t exactly “idle.” When the Prius is “on” and at a standstill status, the internal combustion engine (ICE) is stopped. If the ICE is not running at a constant idle speed, the emission test cannot complete and the vehicle fails.
Initially, the Toyota exhaust system fails. Consequently, the vehicle itself fails the test.
For formality sake, owners must still pay the $25 testing fee for the aborted test even though all emissions tests centers across the state of Georgia already know that the vehicle will fail the test. Heather Abrams of the Georgia Environmental Protection Division says that the Prius must take the doomed test so that the vehicle information can be put into Georgia’s system. Owners must take their failed emissions certificate to a GCAF Waiver Center to get permission to receive a new tag or call in with the code number on the aborted test.
Abrams says they do not want the consumer to have to go any further than necessary to get their tag. The state only gets 95 cents from every emissions test. Georgia is currently in the process of updating its system so that 2005 model year Prius hybrids will be accommodated.
Your Toyota exhaust emits particulates which people eventually inhales. The state wants its constituents’ safety. So the Environmental Protection Division encourages its people to obey the policy.
Create a video blog
Renault-Nissan Chief Executive Carlos Ghosn, recently said, in a speech in Washington, Nissan Motor Co. will offer a diesel version of its Maxima sedan in 2010. It will be powered by a Renault-designed engine.
While fuel prices rise, fuel economy and emissions rules would continue to toughen around the world. Ghosn explained the decision to introduce the car was partly based on this belief. He said the Maxima diesel will get an estimated 30% better fuel economy than the gasoline version.
Still to mention Nissan, according to the first-quarter 2007 model-year Global Quality Research System report by the RDA Group, the automaker together with Toyota has the same quality of Ford, Lincoln and Mercury vehicles. Some reports say consumers might not believe it. But that was revealed by the said market research firm based in Bloomfield Hills.
For every 1,000 vehicles, Ford, Lincoln, Mercury brands had 1,456 problems. Nissan and Toyota, on the other hand, had 1,457 and 1,453 problems, respectively.
The RDA Group’s report, released in the middle part of this week, surveyed more than 30,000 new owners of 2007 model-year vehicles after three months of purchasing them from the car dealers.
The survey did not include the owners of the newest 2008 vehicles, such as the Ford Edge or the new Ford Super Duty, as the research’s population size. But new vehicles like the 2007 Ford Expedition and Fusion helped float the results. Ford stopped selling the said pickup temporarily to fix a problem that caused flames to shoot out the exhaust system of some units. Ford also delayed delivery of the Edge late last year to ensure top-level quality of the product.
On a brighter side, Ford Motor Co. said this week it had reached a preliminary agreement to sell three glass plants as the automaker looks to shed its unprofitable Automotive Components Holdings group.
The company said it reached a “memorandum of understanding” with Glass Products for plants in Nashville, Tenn., Tulsa, Okla., and its Vidriocar unit in Juarez, Mexico. ACH Glass operations employ about 1,600 and supplied glass for about 2.7 million vehicles last year.
Still on a brighter side, Ford Motor Co., according to Bennie Fowler, Ford’s vice president for global quality, reduced its corporate problems by 8%, better than the overall industry improvement of 2%. He further said the company’s improved quality will have a very vital role in their future marketing strategies.
Toyota, on the other hand, seems to have problems on Georgia Emission tests.
Some reports say Toyota is soaring high in eco-friendliness with its Prius hybrid car. However, this seems to be ironic for Georgia emission testing equipment. Toyota Prius hybrids are now being required to go through emission testing to complete yearly registration procedures. But these fail the test.
The emissions test requires that a probe be placed in the vehicle’s exhaust pipe to measure the particulates emitted while the engine is idle or at the use of OBD-II to test 1996 and newer vehicles. The problem is that the Prius doesn’t exactly “idle.” When the Prius is “on” and at a standstill status, the internal combustion engine (ICE) is stopped. If the ICE is not running at a constant idle speed, the emission test cannot complete and the vehicle fails.
Initially, the Toyota exhaust system fails. Consequently, the vehicle itself fails the test.
For formality sake, owners must still pay the $25 testing fee for the aborted test even though all emissions tests centers across the state of Georgia already know that the vehicle will fail the test. Heather Abrams of the Georgia Environmental Protection Division says that the Prius must take the doomed test so that the vehicle information can be put into Georgia’s system. Owners must take their failed emissions certificate to a GCAF Waiver Center to get permission to receive a new tag or call in with the code number on the aborted test.
Abrams says they do not want the consumer to have to go any further than necessary to get their tag. The state only gets 95 cents from every emissions test. Georgia is currently in the process of updating its system so that 2005 model year Prius hybrids will be accommodated.
Your Toyota exhaust emits particulates which people eventually inhales. The state wants its constituents’ safety. So the Environmental Protection Division encourages its people to obey the policy.
Create a video blog
Toyota Trails Political Clout
Mike Bartley asked:
The Toyota Motor Corp., the second largest automaker around the globe, is planning to build a plant in Mississippi. Experts in the industry say that the move of the automaker is aimed at expanding its operations in the United States at the same time increasing political influence in the territory.
As the presence increases, Toyota tunes in. The Japanese automaker is expected to use the clout to rival the Detroit’s automakers on some issues. Toyota could also use the increased Capitol Hill lobbying power to give it a boost in its competitive lead over the General Motors Corp., the Ford Motor Co. and the DaimlerChrysler AG.
“We don’t agree with them on everything,” said Josephine Cooper, the vice president of government relations for Toyota Motor North America. “But our goal is to work together because it’s usually better to be on the same page.” Cooper spearheads an in-house lobbying office of seven people in Washington. The Japanese automaker also has hired some of the city’s leading lobbying firms to aid in the realization of goals.
Toyota has built plants in Kentucky and Indiana. These plants integrate quality auto parts and accessories like the Toyota hawk brakes to its powerful lineup. The automaker is narrowing the gap with domestic car manufacturers in regard to spending on lobbying.
In 2004, Toyota spent approximately $2.4 million on lobbying. In 2005, its lobbying investment increased to $3.4 million, and last year it rose to $4.6 million. In 2006, GM spent $8.7 million and Ford spent $9.1 million to influence policy and legislation in Washington.
For the first time, the Japanese automaker also is considering the creation of a political action committee. Last year, GM’s PAC spent over $1 million and Ford’s spent over $845,000 to influence lawmakers in Washington.
One strong factor behind Toyota’s quest of greater political clout may be the possibility that the Big Three, staggered by slumping sales, will ask Congress for subsidies or a bailout, said Joan Claybrook, the president of the Public Citizen watchdog group in Washington. She also said that Toyota’s growing presence in the United States forces it to become more involved in politics. “They just realize they need to be more tuned in,” Claybrook said.
Toyota’s Georgetown, Kentucky plant is responsible for the assembly of the Toyota Camry sedan, including the new hybrid model, along with the Avalon sedan and Solara coupe. The Toyota Princeton, Ind. Plant, on the other hand, makes the Tundra pickup, Sienna minivan and Toyota Sequoia SUV.
For 2007, top issues for both the American and Japanese automakers include whether to raise mileage standards for cars and trucks. Another main issue is whether carbon emissions should be capped to combat global warming. On both issues, Toyota has the edge.
Toyota agrees with U.S. automakers that the administration, not Congress, should determine fuel economy standards. But the Japanese automaker has embraced President Bush’s proposal last year to change how fuel economy is determined while U.S. automakers strongly refuted it.
Toyota also is better positioned than Detroit automakers to deal with possible moves in Congress to tighten regulation of carbon dioxide emissions, with use of hybrid fuel technology in some models. “There’s a huge gap between the cleanest and dirtiest automakers,” said Don MacKenzie, the author of the Union of Concerned Scientists report. “Toyota’s ranking shows that size is no excuse for a dirty fleet.”
Kansieo.com
The Toyota Motor Corp., the second largest automaker around the globe, is planning to build a plant in Mississippi. Experts in the industry say that the move of the automaker is aimed at expanding its operations in the United States at the same time increasing political influence in the territory.
As the presence increases, Toyota tunes in. The Japanese automaker is expected to use the clout to rival the Detroit’s automakers on some issues. Toyota could also use the increased Capitol Hill lobbying power to give it a boost in its competitive lead over the General Motors Corp., the Ford Motor Co. and the DaimlerChrysler AG.
“We don’t agree with them on everything,” said Josephine Cooper, the vice president of government relations for Toyota Motor North America. “But our goal is to work together because it’s usually better to be on the same page.” Cooper spearheads an in-house lobbying office of seven people in Washington. The Japanese automaker also has hired some of the city’s leading lobbying firms to aid in the realization of goals.
Toyota has built plants in Kentucky and Indiana. These plants integrate quality auto parts and accessories like the Toyota hawk brakes to its powerful lineup. The automaker is narrowing the gap with domestic car manufacturers in regard to spending on lobbying.
In 2004, Toyota spent approximately $2.4 million on lobbying. In 2005, its lobbying investment increased to $3.4 million, and last year it rose to $4.6 million. In 2006, GM spent $8.7 million and Ford spent $9.1 million to influence policy and legislation in Washington.
For the first time, the Japanese automaker also is considering the creation of a political action committee. Last year, GM’s PAC spent over $1 million and Ford’s spent over $845,000 to influence lawmakers in Washington.
One strong factor behind Toyota’s quest of greater political clout may be the possibility that the Big Three, staggered by slumping sales, will ask Congress for subsidies or a bailout, said Joan Claybrook, the president of the Public Citizen watchdog group in Washington. She also said that Toyota’s growing presence in the United States forces it to become more involved in politics. “They just realize they need to be more tuned in,” Claybrook said.
Toyota’s Georgetown, Kentucky plant is responsible for the assembly of the Toyota Camry sedan, including the new hybrid model, along with the Avalon sedan and Solara coupe. The Toyota Princeton, Ind. Plant, on the other hand, makes the Tundra pickup, Sienna minivan and Toyota Sequoia SUV.
For 2007, top issues for both the American and Japanese automakers include whether to raise mileage standards for cars and trucks. Another main issue is whether carbon emissions should be capped to combat global warming. On both issues, Toyota has the edge.
Toyota agrees with U.S. automakers that the administration, not Congress, should determine fuel economy standards. But the Japanese automaker has embraced President Bush’s proposal last year to change how fuel economy is determined while U.S. automakers strongly refuted it.
Toyota also is better positioned than Detroit automakers to deal with possible moves in Congress to tighten regulation of carbon dioxide emissions, with use of hybrid fuel technology in some models. “There’s a huge gap between the cleanest and dirtiest automakers,” said Don MacKenzie, the author of the Union of Concerned Scientists report. “Toyota’s ranking shows that size is no excuse for a dirty fleet.”
Kansieo.com
Toyota to Slash 2009 Sales Outlook, Cut Costs
Money Morning asked:
Toyota Motor Corp. (ADR:TM) may not need a government bailout, but it’s hurting badly.
The world’s top automaker said it will announce a revised 2009 sales forecast at its end-of-the-year news conference Dec. 22. The company is expected to slash at least 1 million cars from its original forecast of 9.7 million units, Reuters reported.
It’s also expected to outline cost cutting measures that could include laying off employees, suspending plant operations, delaying the opening of new plants, and cutting the budget for research and development.
According to several Japanese media outlets, Toyota plans to eliminate bonuses for its executives and is expected to post a second-half loss.
One analyst believes the company’s dividend also could be on the chopping block.
“We anticipate that even Toyota could see its post-dividend cash flow turn negative should it keep its dividends at 140 yen,” Morgan Stanley (MS) analyst Noriaki Hirakata wrote in a report. “Thus, in this perfect storm, we expect the firm to cut its dividend to 100 yen per share for this business year.”
That’s a gigantic step backwards from last year, when Toyota took the crown from General Motors Corp. (GM) as world’s largest automaker by selling 9.37 million cars worldwide.
But like all automakers – and nearly every major industry – Toyota has been crippled by a worldwide dearth in demand, brought on by a whirlwind of job losses, devalued property, lack of credit and falling stock markets.
From January to October this year, Toyota sold 7.74 million vehicles. And during its fiscal first half – six months ended September 30 – net revenues fell 6.3% compared to the same period last year.
Year-to-date, Toyota’s New York-listed ADR shares have fallen about 38%, still much better than GM and Ford Motor Co.’s (F) respective stock declines of 83% and 53%. But recently, Toyota’s ADR shares have been moving forward in hopes that the U.S. government will bailout Detroit’s Big Three – GM, Ford and Chrysler LLC – because that would shore up the auto industry’s underpinnings: Dealerships and parts and supply manufacturers.
The United States is also the largest market for most foreign automakers. Allowing one or all of the Big Three to go under would add millions to the running unemployment numbers and deepen the recession, making the U.S. market less likely to buy their cars.
News and Related Story Links:
Reuters:
Toyota to cut sales goal and outline cost cuts
Money Morning:
Auto Bailout Awaits Congressional Approval with Millions of Jobs at Stake
ShareThis
More on this topic (What’s this?)
Are US automakers doomed? (Intelligent Speculator, 12/15/08)
European Automakers Dispute Assumptions of ‘Let GM/Chrysler Go Bankrupt” Case (naked capitalism, 12/15/08)
Unsold Goods Piling Up at Long Beach (naked capitalism, 11/18/08)
Vote on Auto Bailout Sure to Spark Debate (The Razor’s Edge, 12/10/08)
Read more on Toyota Motor, Auto Makers at Wikinvest
IMF Quietly Creating Three 100%+ Winners
The International Monetary Fund is about to pump $100 billion into a few select countries. This “no strings attached” bailout is creating three 100%+ gainers in the coming days – if you know how to play it. Get all the details in this report: The Trigger Event Strategy: The Only Proven Way to Make Money in an Insane Market. Just go here…
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Toyota Motor Corp. (ADR:TM) may not need a government bailout, but it’s hurting badly.
The world’s top automaker said it will announce a revised 2009 sales forecast at its end-of-the-year news conference Dec. 22. The company is expected to slash at least 1 million cars from its original forecast of 9.7 million units, Reuters reported.
It’s also expected to outline cost cutting measures that could include laying off employees, suspending plant operations, delaying the opening of new plants, and cutting the budget for research and development.
According to several Japanese media outlets, Toyota plans to eliminate bonuses for its executives and is expected to post a second-half loss.
One analyst believes the company’s dividend also could be on the chopping block.
“We anticipate that even Toyota could see its post-dividend cash flow turn negative should it keep its dividends at 140 yen,” Morgan Stanley (MS) analyst Noriaki Hirakata wrote in a report. “Thus, in this perfect storm, we expect the firm to cut its dividend to 100 yen per share for this business year.”
That’s a gigantic step backwards from last year, when Toyota took the crown from General Motors Corp. (GM) as world’s largest automaker by selling 9.37 million cars worldwide.
But like all automakers – and nearly every major industry – Toyota has been crippled by a worldwide dearth in demand, brought on by a whirlwind of job losses, devalued property, lack of credit and falling stock markets.
From January to October this year, Toyota sold 7.74 million vehicles. And during its fiscal first half – six months ended September 30 – net revenues fell 6.3% compared to the same period last year.
Year-to-date, Toyota’s New York-listed ADR shares have fallen about 38%, still much better than GM and Ford Motor Co.’s (F) respective stock declines of 83% and 53%. But recently, Toyota’s ADR shares have been moving forward in hopes that the U.S. government will bailout Detroit’s Big Three – GM, Ford and Chrysler LLC – because that would shore up the auto industry’s underpinnings: Dealerships and parts and supply manufacturers.
The United States is also the largest market for most foreign automakers. Allowing one or all of the Big Three to go under would add millions to the running unemployment numbers and deepen the recession, making the U.S. market less likely to buy their cars.
News and Related Story Links:
Reuters:
Toyota to cut sales goal and outline cost cuts
Money Morning:
Auto Bailout Awaits Congressional Approval with Millions of Jobs at Stake
ShareThis
More on this topic (What’s this?)
Are US automakers doomed? (Intelligent Speculator, 12/15/08)
European Automakers Dispute Assumptions of ‘Let GM/Chrysler Go Bankrupt” Case (naked capitalism, 12/15/08)
Unsold Goods Piling Up at Long Beach (naked capitalism, 11/18/08)
Vote on Auto Bailout Sure to Spark Debate (The Razor’s Edge, 12/10/08)
Read more on Toyota Motor, Auto Makers at Wikinvest
IMF Quietly Creating Three 100%+ Winners
The International Monetary Fund is about to pump $100 billion into a few select countries. This “no strings attached” bailout is creating three 100%+ gainers in the coming days – if you know how to play it. Get all the details in this report: The Trigger Event Strategy: The Only Proven Way to Make Money in an Insane Market. Just go here…
Investing News
Caffeinated Content