the global debt figures, the derivatives exposure, the repo market......if it unravels as some of the ‘doom & gloomers’ hope for we will have complete financial collapse and go back to living off the land. or we could continue to kick the can down the road and see what eventuates, let inflation take care of the debt.
car loans are underwater both here and the US.....I’m not quoting a source or a figure coz i’ll get ridiculed by ‘the team’, so look it up yourselves if you want to.
as an aside, if you have car finance get rid of it because it’ll cost you the price of a house over time.......this is a sleeper and could harm the car industry and the economy
FA & General Banter, page-6805
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