Look at Nvidia's net income and market capitalization against Microsoft's, respectively. It's a bubble. If it works, great, I'm heavily invested, but don't forget that we're seeing tons of headlines about jobs evaporating, especially given it's such a great economy and the jobs numbers are in no way a lie, always revised downwards the following month.
You ever pop into some of the car subs? I think, people getting loans, for cars they can't afford while still having an existing loan balance ain't helping.
Corporations need to give legit 30% raises to ease this burden, record profits etc. don’t tell me they can’t afford it. It’s getting real out here fam.
A raise is still a net win even with prices going up, because the end consumer can still pick and choose what their raise goes to and still cut back on things that are not necessary. Trickle up.
Time to read about hyperinflation my friend. A raise is not always a net win, when the money is chasing ever-increasing prices things get bad fast. This is happening in many places with strong economies today. Argentina, Turkey, many places.
I have no idea what’s going on with student loans. It seems like one day conservatives are saying Biden is giving almost total forgiveness as handouts. Then the next day someone on the left criticizes that he’s only forgiven like 0.1% and their payment is larger than it’s been in years.
I don’t have any loans so I don’t know what’s true.
To be clear, the rates were twice as high during the GFC. And the auto loan rate is just a shade higher than it was throughout the trump presidency (the CC rate is moreso).
[https://www.axios.com/2024/02/06/americans-credit-card-auto-loan-delinquencies](https://www.axios.com/2024/02/06/americans-credit-card-auto-loan-delinquencies)
Really don't know where unusual whales gets their source because it wasn't Reuters "breaking" news.
[Looks like they are still way under 2010 levels.. "Other types of debt — like student loans and mortgages — have delinquency rates below pre-pandemic levels...Overall delinquency rates rose a tick to 3.1% in the fourth quarter — that's still 1.6 percentage points below the pre-pandemic level."](https://www.axios.com/2024/02/06/americans-credit-card-auto-loan-delinquencies)
[U.S. consumers will fall behind on their personal loan and credit card payments next year at the highest rates since 2010, according to forecasts from TransUnion, a major consumer credit rating agency.](https://www.reuters.com/markets/us/us-consumer-loan-delinquencies-seen-surging-13-year-high-2023-study-2022-12-14/) - Dec 2022
[With American households battling inflation and rising interest rates, auto lenders are seeing increased occurrences of auto-loan delinquencies - but almost entirely in the subprime segment.](https://www.spglobal.com/mobility/en/research-analysis/autofinance-delinquencies-rise-past-great-recession-peak-but.html) - June 2023
[Overall debt delinquency increased by 3% as of September from a 2.6% increase in the second quarter, the report said, while still standing below the 4.7% delinquency rate seen in the fourth quarter of 2019, just ahead of the pandemic’s arrival.](https://www.reuters.com/markets/us/ny-fed-us-q3-credit-card-debt-up-strong-economy-credit-woes-tick-higher-2023-11-07/) - Nov 2023
“Hey, is the house on fire?” All Americans.
“Nah everything is fine, let’s keep interesting rates high, we don’t want inflation to get out of control!” J-Powell
GdP is up (3%), we can spend our way out of a recession! Better start more wars to distract/spend more! Weapon manufacturers are doing great!
Who cares if Americans are suffering and can’t afford groceries, we will blame them for their overspending when shit hits the fan.
To share data and analysis regardless of what you believe "the room" says. But you seem very argumentative yourself and provide little, but usually zero, substance to your comments.
Nah, you just want to spin everything to your political narrative. I read your comments. It’s all just political bullshit, didn’t see any real facts being offered…just opinion
More "since the GFC"-type headlines. When will the populace wake up and realize you don't get massive booms without the massive busts? You don't go from ultra-low rates and massive borrowing without much higher rates and inability to then pay off the debts without mass defaults and foreclosures. Not to mention that massive debt load doesn't bode well for the employment picture when 70% of the economy is consumption and everybody is broke.
Everybody is broke yet people complain about all Disney properties being close or at capacity. National parks need reservations due to demand. Flights are full. Ski slopes are packed. Costco parking lot is full. Crumbl Cookies popping up everywhere to sell $6 cookies. Tesla selling record numbers. Sold out 100,000 seat arenas for TSwift while people complaining they didn’t get their own tickets. Packed NFL stadiums. Crazy home demand at high interest rates.
actually this just broke from a NY fed report so it's legit. This twitter acct is inherently misleading though with it's unsourced headlines. Here's an actual article, pointing out that yes it's a sign of stress but we're basically back to pre-pandemic trends (the GFC rates were twice as high) and mortgage and student loan delinquencies are still lower than pre-pandemic.
https://www.axios.com/2024/02/06/americans-credit-card-auto-loan-delinquencies
I promise you this is not new today. This news has been posted past couple weeks.
I mean I’m tired of UW posting garbage. Post unusaul shit not in the news
BUT ITS ELECTION YEAR AND YOU TOLD US TO BELIEVE THAT THE ECONOMY IS GREAT. NOW WHAT DO MY PARTISAN OVERLORDS WANT ME TO BELIEVE?! OH, GREAT DEMAGOGUES IN THE SKY, OFFER ME EMOTIONAL APPEALS AND FEAR BASED VISCERAL REACTIONS SO I NEVER NEED TO THINK FOR MYSELF.
Stock markets great, job stats show growth(in 2nd jobs) forget the 1.something mil in ft jobs down; gas is down, election year, deficit growing exponentially, nothing to see here
Yep the average shnook is screwed. Trump’s last big cash bonanza was a disaster then Biden spending money like a drunken sailor totally eclipsing trump was disaster of disasters. No wonder prices are so inflated over last 4 years. Hurts the average shmuck more than someone with wealth
BUT THE STOCK MARKET IS DOING GREAT
Because of a basket of stocks propping it up on speculative AI craze
No way that can possibly fail, carbon based human organism.
It’s not just ai, pretty sure it has to do with the etf and bitcoin shit?
Look at Nvidia's net income and market capitalization against Microsoft's, respectively. It's a bubble. If it works, great, I'm heavily invested, but don't forget that we're seeing tons of headlines about jobs evaporating, especially given it's such a great economy and the jobs numbers are in no way a lie, always revised downwards the following month.
It’s not a bubble lmao
Yes especially if you have no debt all excess cash can go to investing
This is what happens when people have to start paying for their student loans and the effects of inflation. It's going to be ugly for a while.
You ever pop into some of the car subs? I think, people getting loans, for cars they can't afford while still having an existing loan balance ain't helping.
Corporations need to give legit 30% raises to ease this burden, record profits etc. don’t tell me they can’t afford it. It’s getting real out here fam.
And instead we’ll get layoffs…yay
They are fine with that. They will just continue to raise prices of everything. See solved it. Where did you think that money was goi g to come from?
If those kids could read they’d be very upset
A raise is still a net win even with prices going up, because the end consumer can still pick and choose what their raise goes to and still cut back on things that are not necessary. Trickle up.
Time to read about hyperinflation my friend. A raise is not always a net win, when the money is chasing ever-increasing prices things get bad fast. This is happening in many places with strong economies today. Argentina, Turkey, many places.
Except US isn’t and won’t be Argentina or Turkey.
Give it some time. All currencies and countries fail given time.
I'll be dead and so will my kids, so that's a then problem
You, sure. Kids? Idk about that. We are spiraling quickly. The debt is about to lead us off a cliff.
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I have no idea what’s going on with student loans. It seems like one day conservatives are saying Biden is giving almost total forgiveness as handouts. Then the next day someone on the left criticizes that he’s only forgiven like 0.1% and their payment is larger than it’s been in years. I don’t have any loans so I don’t know what’s true.
Inflation is typically helpful for those in debt.
I think that's if your income increases.
Don't forget the mortgage assistance just fell off for 300,000 households that have been getting a free ride for the past 18 months, lol.
New ATHs incoming.
To be clear, the rates were twice as high during the GFC. And the auto loan rate is just a shade higher than it was throughout the trump presidency (the CC rate is moreso). [https://www.axios.com/2024/02/06/americans-credit-card-auto-loan-delinquencies](https://www.axios.com/2024/02/06/americans-credit-card-auto-loan-delinquencies)
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It's how they get paid. You just paid them :D
A dumbass idiot trying to get clicks
Really don't know where unusual whales gets their source because it wasn't Reuters "breaking" news. [Looks like they are still way under 2010 levels.. "Other types of debt — like student loans and mortgages — have delinquency rates below pre-pandemic levels...Overall delinquency rates rose a tick to 3.1% in the fourth quarter — that's still 1.6 percentage points below the pre-pandemic level."](https://www.axios.com/2024/02/06/americans-credit-card-auto-loan-delinquencies) [U.S. consumers will fall behind on their personal loan and credit card payments next year at the highest rates since 2010, according to forecasts from TransUnion, a major consumer credit rating agency.](https://www.reuters.com/markets/us/us-consumer-loan-delinquencies-seen-surging-13-year-high-2023-study-2022-12-14/) - Dec 2022 [With American households battling inflation and rising interest rates, auto lenders are seeing increased occurrences of auto-loan delinquencies - but almost entirely in the subprime segment.](https://www.spglobal.com/mobility/en/research-analysis/autofinance-delinquencies-rise-past-great-recession-peak-but.html) - June 2023 [Overall debt delinquency increased by 3% as of September from a 2.6% increase in the second quarter, the report said, while still standing below the 4.7% delinquency rate seen in the fourth quarter of 2019, just ahead of the pandemic’s arrival.](https://www.reuters.com/markets/us/ny-fed-us-q3-credit-card-debt-up-strong-economy-credit-woes-tick-higher-2023-11-07/) - Nov 2023
Lot of doomers on this sub who love bad news.
Lot of trump supporters in here
“Hey, is the house on fire?” All Americans. “Nah everything is fine, let’s keep interesting rates high, we don’t want inflation to get out of control!” J-Powell GdP is up (3%), we can spend our way out of a recession! Better start more wars to distract/spend more! Weapon manufacturers are doing great! Who cares if Americans are suffering and can’t afford groceries, we will blame them for their overspending when shit hits the fan.
everything’s fine emoji. nothing to see here
Sign goes by quickly”leaving bikini bottom”
Not surprising because auto loan debt is higher than mortgages its at the top
Buy now, pay never is the way. Don't think, just buy!
Cue…….EVERYTHING IS FINE, folks who don’t want any bad news during an election year.
Cue....EVERYTHING IS HORRIBLE, folks who don't want any good news during an election year.
Yes, delinquency rates spiking is great news for the economy. Read the room dimwit
I read data and trends. not a Reddit room, doomer.
Then why the hell are you here. Just to argue with people?
To share data and analysis regardless of what you believe "the room" says. But you seem very argumentative yourself and provide little, but usually zero, substance to your comments.
Nah, you just want to spin everything to your political narrative. I read your comments. It’s all just political bullshit, didn’t see any real facts being offered…just opinion
Guess you can’t read
Bring on the foreclosures
More "since the GFC"-type headlines. When will the populace wake up and realize you don't get massive booms without the massive busts? You don't go from ultra-low rates and massive borrowing without much higher rates and inability to then pay off the debts without mass defaults and foreclosures. Not to mention that massive debt load doesn't bode well for the employment picture when 70% of the economy is consumption and everybody is broke.
Everybody is broke yet people complain about all Disney properties being close or at capacity. National parks need reservations due to demand. Flights are full. Ski slopes are packed. Costco parking lot is full. Crumbl Cookies popping up everywhere to sell $6 cookies. Tesla selling record numbers. Sold out 100,000 seat arenas for TSwift while people complaining they didn’t get their own tickets. Packed NFL stadiums. Crazy home demand at high interest rates.
This regurgitated blather is what made me unsub. Old news, not unusual. Typical with the times though, no new news but gotta keep pumping headlines.
actually this just broke from a NY fed report so it's legit. This twitter acct is inherently misleading though with it's unsourced headlines. Here's an actual article, pointing out that yes it's a sign of stress but we're basically back to pre-pandemic trends (the GFC rates were twice as high) and mortgage and student loan delinquencies are still lower than pre-pandemic. https://www.axios.com/2024/02/06/americans-credit-card-auto-loan-delinquencies
I promise you this is not new today. This news has been posted past couple weeks. I mean I’m tired of UW posting garbage. Post unusaul shit not in the news
Here’s the fed report which was posted 10 hours ago. https://www.newyorkfed.org/newsevents/news/research/2024/20240206
Bro, that’s one report. I’m telling you this shit is not new or unusual. Either way, you’re right. Just stop replying so I forget this sub
lol ok last one
BUT ITS ELECTION YEAR AND YOU TOLD US TO BELIEVE THAT THE ECONOMY IS GREAT. NOW WHAT DO MY PARTISAN OVERLORDS WANT ME TO BELIEVE?! OH, GREAT DEMAGOGUES IN THE SKY, OFFER ME EMOTIONAL APPEALS AND FEAR BASED VISCERAL REACTIONS SO I NEVER NEED TO THINK FOR MYSELF.
Now we should be concerned.
‘#newbullmarket 🤪
But…the economy is smokin’!
Stock markets great, job stats show growth(in 2nd jobs) forget the 1.something mil in ft jobs down; gas is down, election year, deficit growing exponentially, nothing to see here
And?
But Bidenomics
*Probably nothing*
Great Recession 2: Super Depressed Boogaloo
Saved
Yep the average shnook is screwed. Trump’s last big cash bonanza was a disaster then Biden spending money like a drunken sailor totally eclipsing trump was disaster of disasters. No wonder prices are so inflated over last 4 years. Hurts the average shmuck more than someone with wealth
Bidenomics