November 30, 2008

EDITORIAL: Learning from financial crisis


This is at least a little good news for local auto dealers and sellers of furniture and other big-ticket items. Their worst problem is overcoming the fear consumers have from being exposed to the barrage of bad news day in and day out due to the turmoil in the nation's financial markets. It's not a lack of local lending availability.

Actually, in the North Country, it's a good time to buy big-ticket items such as cars, furniture or appliances. Interest rates are low, there are plenty of discounts and promotions, and product quality has never been better. Domestic cars are matching their foreign counterparts in quality and reliability, and appliances are getting more and more energy efficient.

If just a small measure of the North Country's sound financial practices had been found on Wall Street, perhaps the whole economic crisis could have been averted.

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