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Yes, it's craziness caused by idiotic Federal Reserve policy

Posted on: September 8, 2016 at 10:33:30 CT
JeffB MU
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It boosts the economy for awhile, but it's like crack cocaine. The high wears off and they need even more to keep things up at the high level they are shooting for... and it can work for awhile.

But it can't go on forever, and it's going to cause a bad crash at the end.
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The One Trillion Dollar Consumer Auto Loan Bubble Is Beginni - JeffB MU - 9/7 23:02:46
     72 MONTH FINANCING AT 0% INTEREST!!!!!! - Tigrrrr! MU - 9/8 08:20:06
          Yes, it's craziness caused by idiotic Federal Reserve policy - JeffB MU - 9/8 10:33:30
     There will be a reversal. Only question is when and how much - GA Tiger MU - 9/8 07:51:22
     People younger than 30 - Rabbit Test MU - 9/8 07:08:38
          The sad thing is that our government is encouraging idiocy. - JeffB MU - 9/8 10:57:07
          I've bought one new car since 1967. The - GA Tiger MU - 9/8 07:53:11
               A 1 hour class on economics & financial planning would make - JeffB MU - 9/8 10:44:13
     You dont have to be wealthy to afford $499 a month - TigerMatt MU - 9/8 01:49:43
          Had a former co-worker who wanted a Ford Explorer bad when - Tigrrrr! MU - 9/8 08:03:31
          RE: You dont have to be wealthy to afford $499 a month - sarasotatiger MU - 9/8 07:56:30
     Quite the site(nm) - meatiger MU - 9/8 00:15:38
     Uh huh, The great unwinding credit bubble - Uncle Fester USMC - 9/7 23:08:01
          I know people that refuse to drive a car they are not making - MIZZOU_FANATIC MU - 9/7 23:27:15
               That's a crazy mindset. (nm) - JeffB MU - 9/8 09:28:34
               That is my ex wife. 3 years and new car, roll debt not - TigerMatt MU - 9/8 02:03:37
                    7 year loan on a car is just stupid.(nm) - MIZZOU_FANATIC MU - 9/8 10:13:46
                         Yeah, I saw an article awhile back that minorities tended to - JeffB MU - 9/8 10:31:06
               Well, It does make some sense as they can git Xpensive when - Uncle Fester USMC - 9/7 23:32:46
                    Say you buy car for $20K over 5 year loan. Same car 5 years - TigerMatt MU - 9/8 01:59:33
                         Yeah, I got a book from the library a long time ago that - JeffB MU - 9/8 10:17:05
                         technically reliability needs to be factored into the math - Roberts MU - 9/8 09:56:01
                              Yeah, but a well maintained older vehicle can still be relia - JeffB MU - 9/8 10:25:41




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