several of these (b, c, d, & e, maybe a) seem right. In general recessions his the demand for consumer durables first and hardest.
Gernot Koehler wrote: > How could one explain that the breakdown in the car markets is as severe as > it is? Hypothesis (a) cars behave like luxury goods? Hypothesis (b) banks > and car dealers are more reluctant to give credit for car purchases? > Hypothesis (c) the high gasoline prices of 2008 scared motorists? Hypothesis > (d) consumers are postponing the purchase of a new car, adopting a > wait-and-see attitude in response to the climate of financial uncertainty > and are a bit more willing to drive an old clunker? Hypothesis (e) car > manufacturers inflate their problems in order to get a maximum of public > cash? Other? -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
