Word: overextended
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Dates: during 1950-1959
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...such as housing. More sensitive indexes charting the prices of wholesale goods, especially raw materials, already seemed to be tapering off or falling. And though consumers are still buying heavily, they are not so anxious to go into debt. Said Chase Manhattan Bank President George Champion: "The tendency to overextend consumer credit is beginning to right itself. Down payments have been stabilized, and maturities are no longer lengthening...
Ulen won the battle of with last year. Michaels carried the meet to the final relay, but by then Ulen had forced him to overextend his strength...