An increasing number of Americans cannot afford the higher car prices and are falling behind on record-high car payments, which adds more misery to tighter household budgets as the U.S. economy heads for a hard-landing recession after a pandemic, supply chain crisis,...
It has been a year since I penned the last chapter in a series on the housing market, and it’s time to look at what transpired since last summer and fall. The affordability factor has worsened, there are rising interest rates for mortgage debt, prices remain elevated...
Warning signals of a recession have been nonstop since the early spring of 2022 and have matured despite Goldilocks talk by analysts and financial rags that feed narratives to the general population. If you are of the same ilk as most Americans who are experiencing...
After the Federal Reserve initiated quantitative tightening (QT) in late fall of 2017, I published “96-Month and Subprime Auto Loans – It is All Good Until…” in May of 2018. At that time, household debt was at an all-time high, the Fed was raising interest rates at...
Have you ever had the pleasure of attending a NHRA professional drag racing competition? I personally prefer the Top Fuel Nitro category, at night, as close to the line as possible with ear protection. What a rush! Under full throttle, dragster engines consume 11+...