New York Times (March 18)
Markets ranging from copper to treasuries and currencies to the S&P 500 are being driven by the events unfolding in Japan. The impact is now extending to overseas supply chains. “In a sign of the spreading global economic impact, General Motors on Thursday became the first U.S. auto maker to close a U.S. factory because of the crisis in Japan.” GM will halt production at a Louisiana pick-up truck plant due to shortages of components from Japan.
Markets ranging from copper to treasuries and currencies to the S&P 500 are being driven by the events unfolding in Japan. The impact is now extending to overseas supply chains. “In a sign of the spreading global economic impact, General Motors on Thursday became the first U.S. auto maker to close a U.S. factory because of the crisis in Japan.” GM will halt production at a Louisiana pick-up truck plant due to shortages of components from Japan.
Tags: Copper, GM, Japan, Markets, S&P 500, Supply chain, Treasuries
