Fed auto loan data Videos

Lololol wow. She prolly just finished drinking baby's blood. Needed more time to digest

Anyone else think its crazy for us to yell at china for manipulating their currency when we are the kings of it? Also any liberal concerned at all about paying off 19 trillion dollars?

It would not surprise me if Grandma Yellen's latest speech was a trial baloon to see if the stock market could handle a rate hike. So far it's not looking so good. If this continues, she'll come to the rescue at the FOMC meeting and not hike. Her intonation of a hike has clearly spooked the markets. If she doesn't hike, gold should take off.

I work at a state University and (not making this up) we just hired two TECHNICIANS, one with a Masters Degree in Engineering and the second with a Ph.D. in Chemistry. These are low level repair tech jobs with salaries in the $50K range.That.... my friends... is where we are heading.

Whenever people attack Schiff for being "perma-bear", a certain person comes to mind. Ivor Van Heerden. I remember watching Heerden in a documentary in 2004 talking about how vulnerable New Orleans was. He described 10 to 15 ft floods, and they even used CGI to super impose water onto the streets of New Orleans to illustrate where the water table would be. He was so "wrong" about New Orlean's vulnerability that LSU terminated him for speaking out about the poor workmanship of the Corps in maintaining the flood protection system. This was by no means obvious to anyone else at the time. I remember watching that documentary and a number of my college mates scoffing at it; calling him a conspiracy nut. To most it looked equivalent to people with"The End is Near" posters. I didn't really know what to make of it at the time. The official narrative of the of the local government was essentially 'we'll keep an eye on it, nothing to worry about.' That reminds me of the Federal Reserve. Like Heerden, Schiff isn't looking at the short term. You can't really pin down when that straw that breaks the camel's back will be. Heerden looked like the guy from the History channel Aliens series for a long time before New Orleans got nailed by Katrina. Then everyone in hindsight was like, oh yeah we totally saw that coming.

It's a BOBBLE, I like the was he says BOBBLE, sounds like Elmer Fudd

Automobile inflation proves these numbers are all cooked. I got a cheap car about 15 years ago for 6000 dollars. Now the cheap ones are 15000. You can hardly buy a stripped down version anymore. It's all these packages that raise the price by thousands of dollars. They don't get any better mileage or anything. There's nothing really better about them other than a bunch of gadgets that go out right away. They discontinued the low cost trucks like Dakota and Ranger. There were lots of them on the road but they weren't getting high enough profits. We have stagnant wages but we pay high prices for cars, health care, rent, everything. We're being used and everyone thinks the economy is great.

I think it might be very difficult for discouraged workers to get the gumption to start looking and accepting job offers. Once you get your child care and helping your elderly parent or grandparents arrangement stabilized and you have reduced your financial outlays I think it could be hard to come back to the hardships and stresses of a working life. Rather you may look for ways to muddle through by relying on the few workers or those depending on government largess within the family spreading wealth. I predict a continue shrinking of the labor participation rate. Just a guess.

Scary to think that we are going into recession with 0% interest rates. The fed has no ammunition. Seems like they have kicked the can as far as it will go.