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Heh Morgan Stanley, What’s This Crap?
market-ticker.org / by Karl Denninger / 2015-10-03
What sort of nonsense drove this so-called “research”, eh?
If you work for this clown-car brigade you ought to be ashamed of yourself — and be shunned by anyone who knows you. If you actually transact business with these people, well, just remember PT Barnum’s saying….
There has been speculation that the ongoing Volkswagen emissions scandal could spell out the end of the diesel car. But Morgan Stanley thinks the consequences are far greater — that it could help kill off the internal combustion engine altogether.
In a research note published Tuesday, the investment firm makes the case that the news “could raise the cost of doing business for all participants in the internal combustion engine business, accelerating a potential move to EVs,” or electric vehicles, “that is just taking root.”
Uh huh.
Let’s first dispense with the obvious hyperbole.
The post Heh Morgan Stanley, What’s This Crap? appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/03/heh-morgan-stanley-whats-this-crap/
