Quote:
Originally Posted by chino101
Nice read, thanks for sharing.
A reduction in used car prices would certainly benefit drivers that need a car but have limited funds, a reduction in income, or want to cut back on spending. But how many people will have the confidence to make such a large purchase with so much uncertainty for the future?
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What posters above fail to realize is Stock Market bottomed in March 2009 and took roughly 2 years before jobs started to even begin to recover. Took 4 years to get back to the baseline. And we are in a much more severe job loss situation now.
Just because GS flipflops on stock market bottom does not mean the economy and everything else is suddenly ok.