oh shit .. 05:15 in the morning
just spend a night researching #US #consumer houshold #debt, without noticing
at least you can profit of my stupidity because I'm telling now that the world is clearly headed into a 2008 style global #EconomicCrisis
epicenter will again be the #USA
this time it isn't going to be just a #mortage default crisis but a everything default (#AutoLoans, #CreditCard, #StudentDebt, ..)
and the trigger is #tariffs & #doge adding to an already financially hurting nation
Up one flight of stairs to the office of the Farm Security Administration, Rural Rehabilitation Division. Visalia, Tulare County, California
#Visalia #TulareCounty #California #HadenCo #AutoLoans #AetnaInsurance
Prices are starting to fall at car dealerships. Is it time to buy?
Sticker prices at dealerships have started to come down and affordability is improving, experts say. But some are still advising buyers to pause.
#globalnews #Canada #Consumer #Money #autoloans
https://globalnews.ca/news/10610045/car-dealership-prices-when-to-buy/
U.S. credit card debt tops $1 trillion https://politicaliq.com/2023/08/08/u-s-credit-card-debt-tops-1-trillion/ #CreditCard #debt #inflation #economy #AutoLoans #interestrates #mortgage #studentdebt #politicaliq #news #politics
“The increase raised #TheFed’s benchmark rate to a range of 4.5% to 4.75%, the highest level in 15 yrs. It followed a ½-pt rate increase in Dec & four ¾-pt hikes before that.
“#TheCentralBank’s rate hikes typically lead to more expensive #mortgages, #AutoLoans, #CreditCard #borrowing & #BusinessLending. Last year's ¾-pt rate hikes marked the fastest pace of credit tightening in 4 decades.
Wells Fargo agrees to $3.7 billion settlement with Consumer Financial Protection Bureau over consumer abuses tied to #mortgages, #AutoLoans and #overdraft fees.
The bank said fourth-quarter expenses would include a $3.5 billion operating loss, or $2.8 billion after taxes, from the incremental costs of the CFPB civil penalty and customer remediation efforts, as well as other legal matters.
#WellsFargo #CFPB
https://www.cnbc.com/2022/12/20/wells-fargo-agrees-to-3point7-billion-settlement-with-cfpb-over-consumer-abuses.html
