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re: Or... Used Car Prices to Drop Tremendously
Posted on 3/10/23 at 4:53 am to Bard
Posted on 3/10/23 at 4:53 am to Bard
quote:
The largest rise in delinquencies has been in the sub-prime market (and it's yuuuuge, whereas other delinquencies rose as well, but not nearly on such a scale), so that is likely the case. As long as interest rates and prices for necessities keep rising (or just remain high) enough to keep outpacing wage increases, I don't see a way for defaults of other loan types to not increase as well.
Not just consumer, but the cracks are beginning to show for zombie companies with the SVB news yesterday.
Looking like a lot of unprofitable tech startups are close to going bankrupt.
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