Retirement Savings in the Dark
For most of the 20th century, there was a clear wall between working people’s pension funds and the riskier corners of financial markets. This wasn’t accidental—it was the law.
Auto dealers are feeling the pain of the car market meltdown particularly hard. In the first quarter of 2009, 271 dealerships went under, leaving 19,738. According to the Wall Street Journal, analysts project that about 1,200 dealerships will close in 2009, a 20% jump over 2008.
Dealers are being hit in all directions, from tighter credit for financing to the overall plummeting car sales trends.