While the Federal Reserve is raising rates in response to improved economic news, traders seem to be worried about the political situation around the world.
The 2009 “cash for clunkers” program created a shortage of new cars and caused prices to climb higher. It also lit a fire for new-car leasing.
We all do what we can to put money aside, but despite the rebound we’ve seen in the economy, Americans are still struggling and that spells trouble…
Many are calling auto loans the next subprime crisis. They’re too polite to point out the cause of the problem, but I will assign blame to the responsible.
America’s car-buying boom is fueled by so-called subprime auto loans that are very much like the infamous subprime mortgages of the 2008 financial crisis.
What makes this trend worth watching is that it’s not limited to the United States, where higher prices alongside a reviving economy might be expected.
Wall Street is seeing strong job growth as a green light for the Federal Reserve to boost interest rates at the close of its meeting on Wednesday, March 15.
The last time the U.S. GDP annual growth rate topped 4% was back in 2000, so it will be a substantial achievement if President Donald Trump can pull it off.
If you look at the big jump that happened in the Dollar Index starting in 2013 … this did not happen because of strength. It happened because of weakness.