James Chessen Year Quotations

Gas prices don't look like they are coming down any time soon. Today, it costs $500 more than it did last year to operate a car. That's a whole lot of money.

The rise in auto and other consumer loan delinquencies reflects the avalanche of layoffs over the past year and a half. Until job growth gains upward momentum, relatively high levels of delinquencies will remain.

With job growth strong over the last year and gas prices easing by year-end, the delinquency picture has brightened considerably.