On Mon, 22 Dec 2008 19:05:33 -0500 Gernot Koehler <[email protected]> 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? Is "all of the above" a permissible answer? -- Michael Smith [email protected] http://stopmebeforeivoteagain.org _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
