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,...
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...
Dyker Heights (aka Dyker Lights) in Brooklyn occupies a special place in my heart, as I lived and worked in NYC for a couple decades. Before we venture over to my adopted hometown for some holiday cheer, have a look at the most recent retail and indentured consumer...
There is a great divide on how much student loan debt is out there in the U.S. The mainstream media (MSM) is quoting an annual outstanding average of approximately $1.5 trillion ($1,465.3373 billion). If you wander over to the Federal Reserve Economic Data (FRED)...
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+...