The Looming Auto Loan Crisis, Average Car Payment is Over $700
So many of us realize we're in an EVERYTHING BUBBLE, and while most of the focus seems to be around the stock market, crypto, and housing, there's a looming auto loan crisis. We saw the price of cars surge over 40% in the last two years, banks loaned on these higher values, the cars are now worth 30% less and banks are going to be in trouble should people start defaulting on these loans and banks are unable to recoup the money even after taking back the cars. We also discuss continued layoffs even before Christmas, companies cutting Christmas Bonuses, Starbucks adding POS Tipping and more.
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