Intersecting Minds: Education, Business and Technology at the North Carolina State Jenkins Graduate School of Management

Wednesday Morning Quick Hits | March 4, 2009

Stocks have rallied this morning based on an announcement by China that they will be proffering an additional stimulus package. The U.S. alone can’t pull us out of this recession, and emerging economies such as China and India will have to play a major role.

General Electric has seen its shares fall below $6, their lowest level in almost 20 years.

The collapse of the real estate market has turned over 8 million mortgages upside down, meaning that the market value of the home is now less than the amount owed by the borrower.

Toyota and Honda, the pinnacles of Asian manufacturing efficiency, have been hammered by what is being called an “automotive recession.” Sales were down 40% and 38%, respectively, last quarter, and now both companies are asking for government aid.

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