Word: carred
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...car guy? I'm not a Jay Leno when it comes to automobiles. I just appreciate the evolution of the technology...
...shrink their balance sheets by 10 times that figure - almost a trillion dollars - to maintain a constant ratio between their assets and capital. That suggests a drastic reduction of credit, since a bank's assets are its loans. Fewer loans mean tighter business conditions on Main Street. Your local car dealer won't be able to get the credit he needs to maintain his inventory of automobiles. To survive, he'll have to lay off some of his employees. Expect higher unemployment nationwide...
...used to, but even so, they tend to be savers, not spenders, and quickly return to stuffing cash under the mattress during times of economic stress. In South Korea, wholesale and retail sales growth slipped to 3.8% in August from 5.5% in July. Even in go-go China, passenger-car sales fell 6% in August, the first decline in more than two years...
...company. On the other hand, we have companies here, Steris, Lincoln Electric, Lubrizol - just the three of them employ 2,400 people. When will this mess trickle down and affect those companies, and start affecting moms and dads whose kids are trying to go to college or get a car loan...
...much else going on at that time, I held off," she says. "Now I'm thinking I should have just done it then. I am worried I won't be able to get a loan for it, and that will pull my business back." She says that even if car sales slump further, people still need to maintain the cars they already have. "I'm just starting the process of getting a medium-sized loan, and I'm concerned I won't be able to find the money," she says...