The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (165145)	11/19/2008 11:21:43 AM
From: MulhollandDrive	Read Replies (2) of 306849

several minutes ago on the CNBC round table discussion, liesman makes the brilliant<g> point to mark haines that the job losses would not be absorbed by the toyotas and the hondas in the u.s. because he notes that they are idling their plants for 2 days of the month now... lol.... um, steve, thank you for pointing out we have an OVERCAPACITY problem here and the SOLUTION is not to keep insolvent companies churning out more frickin cars! yet another case of bad money driving out good...if GM goes away, ALL of the auto makers whose cars are actually in demand (though cyclically hobbled for now) will pick up their market share

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