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| It's very simple. Most of these fishing boats in the past have
been sold to people that couldn't actually afford them. Did / Does
anybody believe that 7-12 year loans on a fishing boat is really
a good idea? Lenders in the future will be much more cautious
about lending money. And yes, real wages are shrinking and
have been for some time. Many economists are predicting
Inflation / Hyper Inflation in the very near future. The party is over. |
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| I'm sure Ranger and Ranger owners will come out of this bankruptcy in fine shape, just like OMC and OMC owners did several years ago. Nothing to worry about at all. |
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Going to be many boat owners wondering who to blame for such huge asset depreciation.
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Location: Rhinelander | I'd bet against that at this point, we'll see. |
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