tata motors: Auto woes....equals housing woes....equals financial woes..... - 11/19/08 11:45 PM
 
It's a big week in congress. Do we bail out the overpaid, underperforming auto industry? I find it ironic that the politicians are split on the issue, but if you think the housing and financial sectors are bad, just wait and see what today's stock market does (posting this on November 20 at 8:20). I suspect there will be a lot of deep downward movement today. Housing sales in the middle class will come to a complete standstill, new contruction will stop, and housing values will sink to levels of the 40's if not the late 20's. I'm not that worried … (0 comments)