re: The coming automobile market collapse and what it means

quote:

---

We have a generation, or two, of consumers & investors that don't understand the carnage that higher rates can do

---

Nonsense. Low rates exacerbate income inequality as they encourage taking on more debt. Both on a personal level (credit cards, auto loans) and on a corporate level, as shitty companies with no reason to exist continue to scrape by on massive VC loans. The past 14 years have allowed the economy to grow bloated and inefficient, and has pushed up the prices of everything as a result. Rate rises are (long term) good and needed to happen 5+ years ago.

Trust me I hate the Fed as much as the next guys but if we can’t have a fed-free America than we can at least hope that they don’t cave to cyclical political pressure.