Welcome to Fed’s New World of Inflation.
No one wants consumers to pay off their high-interest credit cards, least of all banks, and consumers had threatened to do just that.
The recovery as it were, after everything went to heck but didn’t.
Inflation ate my homework?
How the “Wealth Effect” benefits Americans individually.
Americans are having to pay more to get less.
Investors in subprime auto-loan Asset Backed Securities should be genuflecting in front of US taxpayers to thank them for the backdoor bailout.
But it’s a lot worse than it appears.
Americans love big expensive equipment. And cheap cars have fizzled. Ford, which threw in the towel on its cheapest cars, is trying again.
This change in the inflation mindset is likely not “temporary.”