|
Malta, Illinois | Take a look at consumer debt. Consumer debt in the form of credit cards, auto loans, payday loans is at a record high after coming down significantly during Covid. The automobile business is in for some tough sledding I am afraid. Delinquent car loans and repossessions are on the rise. The consumer has grown used to running on credit and debt and has largely been successful in making it work. With the costs of every day living rising dramatically there is less cash available for paying down debt that was incurred unwisely. There continue to be a lot of factory layoffs as well. This economy is far from roaring. The year ahead will be very interesting. | |
|
Why do pessimistic pundits keep getting Trump’s economy so wrong?
