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Title: 9-12 More Months: How Long US Consumers Have Before The Bottom Falls Out
Source: [None]
URL Source: https://www.zerohedge.com/political ... nsumers-have-bottoms-falls-out
Published: Nov 21, 2022
Author: Tyler Durden
Post Date: 2022-11-21 19:48:30 by Horse
Keywords: None
Views: 269
Comments: 8

"Near its lowest level since the 2008 financial crisis..."


Poster Comment:

People going into credit card debt to buy food and gas. with these 29.9% rates it won't take 9 months for the Depression to get serious.

Post Comment   Private Reply   Ignore Thread  


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Begin Trace Mode for Comment # 4.

#1. To: Horse (#0)

Here’s the thing I keep seeing about the economy. It’s gloom and doom 24/7 and in all honesty I don’t expect much to change other than the continuing devaluing of currency. People are going to get to where they start losing what little they have and are probably going to see a mass of suicides.

Right now a new phenomena is people wrecking the cars they bought and having the insurance companies write them off as total losses. Been seeing accidents that should not have happened, and in fact, I saw one yesterday that by all rights made absolutely no sense.

Things are going to get way more interesting for the consumer who is smart right now.

TommyTheMadArtist  posted on  2022-11-21   22:59:00 ET  Reply   Untrace   Trace   Private Reply  


#3. To: TommyTheMadArtist (#1)

Insurance companies will hurt by sudden death syndrome, arson in bankrupt businesses and now car totaling "accidents."

Horse  posted on  2022-11-22   6:29:40 ET  Reply   Untrace   Trace   Private Reply  


#4. To: Horse (#3)

car totaling "accidents"

When I was driving big truck in Kentucky, a car hit my trailer tandems. I saw the air bag blow in mirror.

When she hit me, the sub frame of trailer gott bent. The trailer was junk. :-/

BTP Holdings  posted on  2022-11-22   9:05:51 ET  Reply   Untrace   Trace   Private Reply  


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