Challenging economics to continue

Published 1:40 pm Monday, October 27, 2008

By Staff
I don't think anyone would disagree that these are challenging economic times, probably the worst most of us have experienced in our lifetimes.
After weeks of wild swings in the stock markets, banks merging closing, businesses closing their doors, and nest eggs disappearing, many of us are left wondering whether or not we have seen the worst.
Many industries are facing unprecedented losses. In fact, September was the worst month for carmakers since 1993.
According to the Detroit Free Press, “U.S. auto sales cratered to their lowest level in 15 years last month as the destructive, long-reaching tentacles of the nation's economic crisis reached deep into the consumer psyche, dealership showrooms and auto-lending offices

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