Worries Over Inflation Send U.S. Market Down
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Investors have apparently been presumming that the Federal Reserve will act at their next meeting to stimulate the economy by drving interest rates even lower. Hopes have been building that the Fed will announce an expansion of that treasury bond program previously Nov. 2-3 when they meet more.
But Ghosn foresees auto industry loan combination. In 2006, he led an endeavor to forge an alliance with GM in which Nissan/Renault could take up any 20 percent stake in the Detroit automaker. But the talks ended when GM sought payment for it said would happen to a disproportionate share from the benefits associated with the alliance.
What's interesting is the fact that more Americans are getting out personal loans according to report on Digital News as people look for low interest alternatives for borrowing. Tight credit and poor economic conditions has grown the require for the personal loans.
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