So who is going to Crash Wall Street before November?

[NotHardUp1]

An automobile should not cost so much that one needs more than 48 months to pay of a loan Think I'll blame computerization and planned obselescense and the inability for a shad-tree mechanic to be able to repair an automobile

Shad do not grow on trees, young man, but that's another thread entirely.

The way new car loans exceed a few years is twofold. First, the disparity in working class income with the cost of housing and transporation is a political issue, namely that voters have repeated voted for Dems and GOP members who sell them out in Congress and have kept minimum wage so low that living standards fall.

Second, idiots keep buying new out of ego, and as the do, they impoverish themselves and their families, enriching the money-lenders. There are enough automobiles in this nation without cities full of new cars on sales lots. Huge amounts of inventory sit idle, and feed the notion that cars need to be replaced more often than they do.

If Americans would buy the cars they can afford used, and work their way up as they save money and enjoy no payments, the pricing of cars would fall, as demand is the greated price-cutter known when it falls. The cost of manufacturing is not what drove the prices up, but the spending habits of the middle class.

Make the demand fall and watch the prices fall.

 

[rareboy]

A recession will do exactly that.

But at the same time, the auto industry is one of the engines of the North American economy. In Ontario, back at the time of the pandemic, I believe that 1 in every 4 jobs in the provice was linked to the health of that industry.

 

[NotHardUp1]

A recession will do exactly that.

But at the same time, the auto industry is one of the engines of the North American economy. In Ontario, back at the time of the pandemic, I believe that 1 in every 4 jobs in the provice was linked to the health of that industry.

If that is the cost of reform, bring it on.

Our automobile industry is a prime example of the gross overconsumption rampant in America. It's a glut of greed, ostentation, and intimidation by consumption.

Let the factories go silent, Build things the world needs, or stop making excuses for excessive building, period. We're heating up the atmosphere because we cannot stop getting, getting, getting.

Fewer jobs and harder times should make population growth slow the world over. That's overdue. This "world economy" has encouraged overpopulation.

 

[me203]

A problem with buying a used car that one can afford is that the used car market has become competitive. I watch a couple of YouTube mechanics sometimes, and used car pricing is a topic they bring up. One has even done videos showing a car with $$$$ problems, and saying (basically): "A few years ago, I'd have said scrap this car. But today, it's worth spending this money for the repairs!"

 

[rareboy]

So Musk has over 65,000 unsold vehicles and we just somehow racked up record gains (4%- 1 month) on our investments in May.

We have been trying to estimate the percentage loss our retirement savings will suffer when the big boys pull the plug....I still think it will be timed for September in order to help sweep in Trump.

 

[cityboy-stl]

Loan companies are starting to offer zero down payment home mortgage loans. Shades of 2008?