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    • Join Date: Jun 2008
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    #1

    what does "tanking" mean in "a tanking economy?"

    1. What does "tanking" mean in the following sentence?

    For anyone looking for financial opportunities, a tanking economy is fertile ground.


    2. How can I interpret "little of any value" in the following sentence?

    Bicycles, dishes, toys, almost anything can be found at a garage sale; little of any value.


    Thank you!


    • Join Date: Oct 2006
    • Posts: 19,434
    #2

    Re: what does "tanking" mean in "a tanking economy?"

    Quote Originally Posted by Carameldiaz View Post
    1. What does "tanking" mean in the following sentence?

    For anyone looking for financial opportunities, a tanking economy is fertile ground.


    An economy that is rising fast. From driving, where tanking along means moving very fast.

    2. How can I interpret "little of any value" in the following sentence?

    Bicycles, dishes, toys, almost anything can be found at a garage sale; little of any value.

    There is little to be found that is valuable.


    Thank you!
    .

  1. Ouisch's Avatar
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    #3

    Re: what does "tanking" mean in "a tanking economy?"

    In AmE, "tanking" means failing, or hitting rock bottom. When a film tanks at the box office, it is a flop and has failed to generate enough ticket sales to cover its costs. If your football team was defeated 37-0, you'd say "the Lions completely tanked today."

    A tanking economy means the economy is down and folks are fearing a recession. When the economy is suffering, prices for real estate and such are very low. That is an opportunity for someone to purchase property, homes, office buildings, etc, at a below-market price. Eventually the economy will rebound (it always does) and that property will triple (or more) in price, making the investor a tidy profit.

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