far. people are out shopping, black friday reports have been pretty strong. who knows what will happen cyber monday here? what about the general motors storing? 15,000 employees getting laid off. shutting down possibly five factories? i m not surprised by the news. last month i think it was, we stopped buying cars. i ve been talking on my show about the death of the car in america. people just aren t buying cars. here is the good news. that means you have to be flux if you don t have to go with a car. if you can buy an s.u.v. or crossover or pickup truck. they cost a lot more money. that is what americans are going with now. the last quarter general motors reported they had their highest ever average selling price for the third quarter. what they re selling is selling like gangbusters but the cars are holding them back. they will double resources allocated to electric and
neil: what do you think of that charles? hundred points down on the dow i take it. it would be a hell of a neil: getting two seconds. but, you know what? in a certain and odd way. this is a wakeup call, perhaps. it s been in the making for a long time. we knew this was going to happen. no one thought it was going to happen on friday. here is what we don t know, rod caplin touched on this. how do the people in this country react spending that weakens the economy more. how do investors act. the best performing mutual fund year all year long-term government bonds. if people they decide they don t want to look out below. politicians are going to try to hijack this. this is hurting the recovery. mortgage rates all time low people aren t buying houses. auto loans at 0.0% people aren t buying cars. the notion that interest rates is going a little bit higher is going to hurt the recovery is bunk. i hope politicians don t try to twist this. it s another warning, big warning. n