In Europe the ABS market is still in the growth phase. In the U.S., it is huge and growing more slowly.

It is a very efficient way to finance assets with predictable cash flows.

Spreads on corporate bonds are extremely tight and have a good chance of widening next year. Asset-backed securities have generally been more stable in that scenario, so when corporate spreads widen, asset- backed securities tend to outperform.

Traffic is horrible anymore. It's a growth problem. We've outgrown everything in Lehigh.

Traffic is horrible anymore. It's a growth problem. We've outgrown just about everything in Lehigh.

We've been seeing a significant amount of membership growth.