Will Italy's credit woes affect Ferrari?

I don't think so. The company and it's products are strong. Look at Apple's stock in the US vs the state of it's economy.

Have a good company and make good products that people want and you'll probably come out OK.

 

Italy has been on the brink of insolvency since WW2. This time is worse than usual but not by much. When I lived there, inflation was chugging along at 20% . I would not worry unless I was a bond holder

 

They've got the Vatican behind them. No worries.

 

they need to disband the idiotic Euro already. Countries like italy, greece, and spain should not be on it.

 

Hopefully.

 

Yeah. Really doubt it will happen but I don't think we should have a single currency, or more importantly a central European parliament based in Brussels which is costing each country big bucks. Why should we be throwing all this money away to be represented in this building with numerous staff on stupid money for doing no work and claiming any expenses they can. It seems stupid to me, especially when none these hard working parliament members can't even run our own countries individually.

 

I would argue that it has already had an effect. With FIAT leaving Confindustria and industrial action presently underway in Maranello
http://tg24.sky.it/tg24/cronaca/2010/05/11/sciopero_dipendenti_ferrari.html
they have certainly not been unaffected.

 

Of course they will.

This is the real deal and will change a lot of things.

Nothing in Italy will be unaffected.

Look what happened to FIAT today.

Look at the Italian 2 year at a 7.20.

A hard rain is falling.

 

So, will I get my 458 spider faster?

 

It may be cheaper......

 

Unless they find out you're my friend.

 

Darn. Now I'll never get one!

 

Lol...you don't know the half of it. I knew two girls that worked as administrative assistants (not to top level b'crats) in Brussels. They both were making over 90k euro tax free plus housing.
I made them take me out after learning that!

 

This is a global problem with global ramifications.

People who see this is a mere credit hiccup isolated to a few wobbly PIIGS are very, very mistaken.

 

The people getting the shaft the worst will likely be German taxpayers and maybe US taxpayers as well. Expect to see the riots from Greece to spread & grow in Italy as the IMF moves to impose austerity measures on Italian govt workers

 

I like the idea of paying a few million for the FF. Lira, that is

 

A sad day on Wall Street today.

 

Isn't it always the case in these affairs that when the bill comes its not those who caused the damage who pay but rather those who were prudent.
They're the only ones with any money left.

 

Btw Jim, the Ferrari's behaviour to you was AT least unacceptable....

 

There's going to be a major article about my Adventure in Bloomberg/Markets/Business Week/Pursuits and I'm sure they'll talk to Ferrari about it.

I look forward to what they they'll say...

 

Well said, +1

 

When is it going to be published?

 

March/April I think. I'm told it will be a cover.

 

I had a similar thought walking through the mall last week. Everything but the packed Apple Store was quiet.
It's not one economy.