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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Patricia Trinchero who wrote (168988)12/4/2008 11:49:54 AM
From: Think4YourselfRead Replies (1) of 306849
 
I read an article on that recently. Mexico is a large producer of auto parts and has seventeen(?) factories making vehicles. The pullback in auto production is severely hurting many of their local economies. I suspect the same thing is occurring on a smaller scale in Canada.

No matter what happens in the next few weeks, there's a lot of human suffering and misery coming as the industry downsizes. All sides agree that's a done deal at this point, but some people like Larry Kudlow just love beating that dead horse. The only thing being debated now is how much suffering, and over what period of time.
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