Not exact matches
A prolonged downturn
in oil and natural gas
markets continued to
ripple through New Mexico's economy over the summer and into the
fall, undermining state tax revenues.
While the poorest
in society are hardest hit, Theocarakis talks about the «new poor» and «new homeless» — those who were well off before but now are unemployed or find they can not
fall back on their assets: «The
market for assets has collapsed so even if you've got a house or a car you can't sell it and get cash to use... this creates a
ripple effect everywhere.»
Falling demand from a long - term economic slowdown
in China has
rippled throughout global investment
markets.
To be sure, most observers say the
ripples in the repo
market will not be anything like those felt
in the
fall of 2008, when creditors lost faith
in the ability of banks to pay back their short - term loans.