Finance and Economics

Visit Calculated Risk

The Boat Repo Man

Posted on May 19, 2008

I used to take the weak ones. Now I m taking the whole herd. Boat Repo Man Jeff HendersonFrom David Streitfeld at the NY Times: Economic Tide Is Rising for Repo Man Some people lose their house or their boat to abrupt setbacks: illness, job loss, divorce. [49-year-old Robert] Dahmen, who works as a technology manager for a car manufacturer, belongs to a second, probably larger group: he simply spent beyond his means. He is one of the millions of reasons the consumer-powered American economy did so well for most of this decade, and one of the reasons its prospects look so bleak now. ...H...

Original article link


economy