Its going to happen and people are betting on it not happening at the moment. Going to end in tears.
So many little tidbits of information coming out. Subprime auto loans in the states 60 days or more in arrears highest ever. More so than gfc times.
The strong gdp was mostly government defensive spending, rents & energy and increased inventory investment (businesses ordering more than demand and inventories are growing)
Not good signs.
Interest rates will break things eventually
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-154
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