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Show Housing, Automobiles Will Affect Outlook ment will be borrowing $150 billions in the fiscal year which began Oct. 1. Administration officials say this need not run up rates-because business is slow and the money supply is : increasing. That's but an edu-; cated guess and some dis agree. Time alone will answer: the question. By EDWARD THORLUND The business outlook is certain cer-tain to be affected considerably consider-ably in the next few months by the housing and automobile industries. in-dustries. They have been disappointing dis-appointing so far this year, and when car sales turned sharply downward in August, pessimism pessim-ism in the industry resulted. HOUSING starts increased this summer, but they too were disappointing in August. The next few months are to be crucial, then, for the economy. eco-nomy. If Christmas sales are not the beginning of a steady recovery, and if the recession continues on at near-bottom levels after the first of the year, the new, 98th Congress will be under pressure to act, to help the home industry, farmers and the unemployed. THE DIRECTION of interest in-terest rates will be an important impor-tant sign of the economic times. If they continue downward, down-ward, that should help both housing and automobile industries. indus-tries. If, on the other hand, they go up again before the end of the year that would pose major problems for the Reagan Administration and would be saying there's so much federal borrowing, rates aren't being allowed to come down normally. nor-mally. THE FEDERAL govern- |