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 have good days. But according to the 2017 World Happiness Report, we’re not quite as content as 13 other countries in the world.
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.
Given the pace of advancement in recent years with robotics and AI, we are left with the question: Can too much technology be a bad thing?
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.
There’s no harm in stock market nationalism. But even if we invest 100% in the U.S., our analysis can benefit from a global perspective.
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.
Central bankers have a complicated relationship with inflation. They want some inflation because they believe that is good, but any higher than that is bad.