re: Car dealers have so much backlog, some 2022s are "new"

quote:

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Because they refuse to cut back

The same people drowning are still going on vacations, going out to eat several times a week, buying tons of shite for christmas, etc

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I'm not saying they're engaging in perfect decision-making; just discussing how the macro is affecting the impacts of that DM.

That's ultimately a tomato-tomato scenario. If they cut back on those things, it would have similar macro issues b/c spending in general needs to decrease (which will force prices down, ultimately). This applies to cars, houses, vacations, restaurants, drip, phones, streaming services, etc.