• cantstopthesignal@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    81
    ·
    11 months ago

    There’s a 2008 style crash coming in the credit market for cars. There’s a lot of subprime loans and a lot of car companies that got into financing that shouldn’t have. Wait til they really get squeezed. Who am I kidding tho, they will just ask for a bail out.

    • Uriel238 [all pronouns]
      link
      fedilink
      English
      arrow-up
      49
      ·
      11 months ago

      Some of us are still miffed about the 2008 bailouts, which ran entirely counter to the market forces rhetoric. Then the police turned off all the cameras and ran OWS off with riot squads.

      No resolution was offered. even Dodd-Frank was reversed by Trump.

      So you can expect a lot of civil unrest. It’s been due since the great depression, about a century ago.