| Rising losses led to a restriction of new bank funding, forcing the company to drastically retrench and restrict lending. |
| If the United States were to experience a deflation in housing prices, consumers would be forced to retrench. |
| Companies invest when interest rates are low and capital is easy to raise, and then retrench savagely as rates rise. |
| We see market conditions worsening as financial services firms retrench still further. |
| At some point, one argument runs, households will have to retrench, slowing consumption and therefore economic growth. |
| By necessity, economies will have to retrench and become more local, more self-centered. |
