Brilliant Quote!

I found this gem yesterday:

There is a large and vibrant truck market out there, it's just a lot smaller than it used to be - Mark LaNeve, GM Vice President of North American sales.

I'm laughing my ass off. Large, just a lot smaller. Unfortunately, there's just no way to spin this disaster. GM better plan for their truck market to keep getting smaller. It's time to give up market share for survival.

Soon, the rest of the world will slow down sharply along with the US. The Baltic Dry Index is plunging. The index usually shows seasonal strength, rising from May through November. It's highly unusual for the index to plunge 20% in a month. See Capital Link Shipping for charts.