KOMMONSENTSJANE- Perfect Storm Arrives: “Massive Wave” Of Car Repossessions And Loan Defaults To Trigger Auto Market Disaster, Cripple US Economy | ZeroHedge News

Reblogged on kommonsentsjane/blogkommonsents.

https://truth4freedom.wordpress.com/2022/12/18/perfect-storm-arrives-massive-wave-of-car-repossessions-and-loan-defaults-to-trigger-auto-market-disaster-cripple-us-economy-zerohedge-news/

A car purchase is the worst investment a person can make. Drive off the car lot and boom – $5,000 just went out the window.

kommonsentsjane

Truth2Freedom's Blog

For almost a year now, we have been dutifully tracking several key datasets within the auto sector to find the critical inflection point in this perhaps most leading of economic indicators which will presage not only a crushing auto loan crisis, but also signal the arrival of a full-blown recession, one which even the NBER won’t be able to ignore, as the US consumers are once again tapped out. We believe that moment has now arrived.

But first, for those readers who are unfamiliar with the space, we urge you to read some of our recent articles on the topic of car prices – which alongside housing, has been the biggest driver of inflation in the past 18 months – and more specifically how these are funded my the US middle class, i.e., car loans, and last but not least, the interest rate paid for said loans. Here are a…

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About kommonsentsjane

Enjoys sports and all kinds of music, especially dance music. Playing the keyboard and piano are favorites. Family and friends are very important.
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1 Response to KOMMONSENTSJANE- Perfect Storm Arrives: “Massive Wave” Of Car Repossessions And Loan Defaults To Trigger Auto Market Disaster, Cripple US Economy | ZeroHedge News

  1. nootkabear says:

    And those who had forbearance agreements to protect their homes from foreclosure are beginning to see reality. It was not tacked onto the end of their loans, the lenders want that money now! For those who don’t have the money to pay now, are beginning to go into foreclosure. This is a fact.

    Like

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