A wild ride indeed! What the 'resilient' cheerleaders miss is the fact that the majority of Americans have no safety net if they lose their jobs. None. Nada. Zip.
Yuppers. The Biden Administration has clearly been massaging the data to make things look better than they are, as we can see by a consistent pattern of downward GDP revisions in subsequent months. If you can't even tell the truth about what's happening, how can you respond to it quickly?
Just today we got more data from the auto loan sector indicating big trouble is clearly visible on the horizon. Don't expect the Biden Administration to even notice, let alone respond.
Maybe it is a good thing for the auto companies that the UAW went on strike. That way less vehicles were being produced and less inventory to get rid of.
I've been researching firearms and training, but can't seem to "get off the pot", for a myriad of excuses. I'm just afraid I'll wait too long and it will become to late. Actually, my natural tendency for procrastination is a big hindrance for everything. Sorry, that's just me whining.
It's true - if lots of almost-new cars are getting repossessed, car dealerships will be grateful to be carrying a low inventory after the strike. More will survive the coming recession as a result...
Thanks for the insight. Buckle up, the coming months are going to be a wild ride.
A wild ride indeed! What the 'resilient' cheerleaders miss is the fact that the majority of Americans have no safety net if they lose their jobs. None. Nada. Zip.
https://michaeltsnyder.substack.com/p/living-paycheck-to-paycheck-has-become
Agreed. Is what happened in New Orleans after Katrina a blueprint for the future?
Yuppers. The Biden Administration has clearly been massaging the data to make things look better than they are, as we can see by a consistent pattern of downward GDP revisions in subsequent months. If you can't even tell the truth about what's happening, how can you respond to it quickly?
Just today we got more data from the auto loan sector indicating big trouble is clearly visible on the horizon. Don't expect the Biden Administration to even notice, let alone respond.
https://www.zerohedge.com/markets/americans-panic-search-give-car-back-subprime-auto-loan-delinquency-erupts
Maybe it is a good thing for the auto companies that the UAW went on strike. That way less vehicles were being produced and less inventory to get rid of.
I've been researching firearms and training, but can't seem to "get off the pot", for a myriad of excuses. I'm just afraid I'll wait too long and it will become to late. Actually, my natural tendency for procrastination is a big hindrance for everything. Sorry, that's just me whining.
Happy November. :)
It's true - if lots of almost-new cars are getting repossessed, car dealerships will be grateful to be carrying a low inventory after the strike. More will survive the coming recession as a result...