One of our most recent video reports!
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Josh Sigurdson talks with author and economic analyst John Sneisen about the clear struggles in the auto industry as demand falls significantly and subprime buyers disappear from showrooms.
The March sales pace fell to its lowest in seven months. Sales were completely flat for the first couple of months this year among the highest ratest borrowers. Deliveries to those with subprime scores fell 9%.
Banks are treating cars as investment despite cars being an obvious depreciating asset or liability the second you drive it off the lot.
Demand is going way down, gas demand is also being affected, the insanity of loans continue as we repeat many of the problems we saw back in 2006 and 2007. Auto backed securities for starters.
John breaks down several stats and talks about what we can expect this problems to turn into in the coming months and potentially years.
The fundamentals are off the table due to the level of manipulation in the markets, so one cannot put a date on the coming crash. We just know it will happen. The bubble has become totally unsustainable. It's time we stop getting into debt and getting crazy loans or having trust in a system that has caused so much pain throughout the past. We must stop seeing cars as investments. We need to start saving ourselves financially. Financial responsibility and self sustainability are so incredibly important. Now more than ever.
Stay tuned as we continue to cover these issues!
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thank you
Thanks for sharing bro ❤️ @joshsigurdson
I think we're heading for a meltdown. Not just Auto, Real estate and finance too. I also think a meltdown will accelerate the rise of crypto
It would be interesting to know who manipulates the markets or rather the data, I am not an economist at all and nothing else when we see the financial status of my country we can realize that a bad administration, followed by a bad planning, can end in a real financial disaster, with bad consequences, I support your idea to save and give a little more value to our finances, I think that in the planning is the key, thank you for sharing happy night.
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All bubbles burst. The trillion dollar catshit coin questions are what will trigger it and when, and what will result from it!
VIDEO does not load . It stops and then plays , stops and plays some more, and its not me because other Dtube videos play fine . But it is always currency war videos ❓🤨 New # I want to start = # GANG BANG THE GLOBALIST❗️In case things don’t go well remember who is responsible .
Almost always buying a new car is a terrible investment in the question of profit. The moment you drive off the lot the car has already lost thousands in value.