Posted on 01/28/2024 2:03:58 PM PST by davikkm
In the intricate web of financial markets, the tightening of credit spreads often serves as an ominous overture to broader economic shifts. The current scenario, driven by a focus on liquidity, raises concerns about what lies ahead, hinting at potential storm clouds on the economic horizon.
The ripple effects begin with a spotlight on auto loans, where many find themselves submerged in financial challenges. A concerning trend emerges as individuals resort to running up credit, not with the intention to repay but rather to navigate the inflated prices of goods. The influx of excessive government money has created a surge in demand without a corresponding increase in supply, a recipe for inflationary pressures.
(Excerpt) Read more at citizenwatchreport.com ...
Headline is a hoot, the article is OK, nothing new. The car loan thing doesn’t look that bad to me, but I’d have to check with my car guys on that.
The price of vehicles has gone full retard. That’s what the union thugs get YOU. Higher prices so they can steal more from their members’ paychecks.
Hold onto your wallets, folks, things are about to get interesting!
The money printing presses have been trimmed way back. Of course it means less money to lend out. It also means Recession is coming. Furniture stores going broke is a tell tale sign.
Long ago ,half the cost of a new car was pension funding.As told to me by GM accountant.
If you don’t like the pricing vehicle manufacturers are providing.
Don’t by their product.
I buy used but even that is insane for a ten + year old jalopy
I buy used but even that is insane for a ten + year old jalopy.
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People are eating higher costs and are holding on to vehicles longer, hoping to profit at some point.
You won’t get any deals until we get an economic contraction.
I didn’t.
I didn’t.
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Good for you.
One way to beat high pricing you don’t like, is to withhold your expenditures during the run up, while saving money.
Then when an economic down turn occurs, look for those deals.
I’m a manufacturer not directly related to auto manufacturers, but you might see some movement in your direction at the back end of summer or fall.
Hard to tell though, the unpredictably, right now is very high.
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