Quote:
Originally Posted by Jims5543
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I think a big factor this time around will be student loans and car loans along with Credit cards. Cars are now the same price houses were 20 years ago and there is no regulation on who can or cannot get a car loan like the mortgage business.
You can now finance a car for 7+ years. Which is insane except it seems like everyone is doing it.
Same goes for student loans and same goes for credit card debt, all unsecured credit and both at all time record highs.
Throw in the Fed increasing interest rates and this turns into a fine mess.
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You've got it ALL wrong imo. The "cheap, easy credit" of ultra-low FED rates are exactly the "cause" of this crap. The FED rate absolutely needs to go back to traditional levels....and we are NOT there yet. What do YOU think the FED prime rate should be? Serious question. Will it have a negative impact on growth? Absolutely....just like it has been since '15...
The recent GDP growth numbers don't come close to growth a couple of qtrs in 2014 btw.
Just saw my R Congressman being interviewed.....he said increasing the national debt was nothing to be concerned about. I think he's an idiot
. Is that PARFY
?