Student or Learner
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.
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.