"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.
| Source: | https://www.zerohedge.com/political/9-12-more-months-how-long-us-consumers-have-bottoms-falls-out |
| Published: | Nov 21, 2022 |
| Author: | Tyler Durden |
| Post Date: | 2022-11-21 19:48:30 by Horse |
| Views: | 601 |
"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.
#1: TommyTheMadArtist To: Horse (#0)
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 Reply Private Reply
#2: Esso To: TommyTheMadArtist, 4um (#1)
I could see that happening.
Vaxmentia is also in play. The few times I go outside the wire, I see a lot of crazy shit.
I'm not sure I know what you mean by that. A little help?
Esso posted on 2022-11-22 04:36:58 Reply Private Reply
#3: Horse To: TommyTheMadArtist (#1)
Horse posted on 2022-11-22 06:29:40 Reply Private Reply
#4: BTP Holdings To: Horse (#3)
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 09:05:51 Reply Private Reply
#5: TommyTheMadArtist To: Esso (#2)
That being said, people need to have patience, focus on the little things such as food and utilities and wait to spend on big purchases later unless they have a way of actually maintaining their wealth because lots of things are coming I think. Between the vaccine die off, and crypto shitting the bed, lots of things are going to make the patient people wealthy by default.
Was looking at the obituaries from my home town. Lots of people dead who are in their 20s 30s, 40s and 50s who just seemingly keeled over out of the blue. Out of the hundred or so obituaries, I saw maybe 10 that said that theyd died due to cancer or lost their battle with something. The rest, no cause of death, no mention of dying at home surrounded by loved ones. Just more or less a death notice. While I realize that you pay for these things, it struck me as odd. Lots of them have memorials can be made to the family.
TommyTheMadArtist posted on 2022-11-22 10:34:35 Reply Private Reply
#6: Esso To: TommyTheMadArtist (#5)
GM - Fort Wayne Assembly, had thousands of Silverados stashed all over the outskirts of town. I don't remember if it was because of the chip shortage or overproduction, but they say that mice/rats ate the soy-based insulation off the wiring harnesses and they will all have to be scrapped.
What'd you get?
Esso posted on 2022-11-22 13:26:16 Reply Private Reply
#7: titorite To: Horse (#0)
titorite posted on 2022-11-22 15:48:16 Reply Private Reply
#8: BTP Holdings To: TommyTheMadArtist (#1)
I recently met a woman that used to drive big trucks with her husband. They would pick up loads of produce in California and take them back to Pennsylvania.
Because they wanted that produce out east, getting those loads back there as quickly as possible really paid well. Plus, they were their own brokers so they made all the money. Not very many of those kind of independent drivers around any longer.
We need more like Will and Sonny and Pruitt Trucking ;)
BTP Holdings posted on 2022-11-22 16:53:06 Reply Private Reply