🚗💸 Oh no, Americans are #defaulting on auto loans! Must be because they finally realized buying a car you can't afford isn't actually a good investment. Who knew? 🙄
https://www.theguardian.com/business/2025/oct/17/us-car-repossessions-economy #autoLoans #financial #literacy #badInvestments #carBuying #HackerNews #ngated
‘Finances are getting tighter’: US car repossessions surge as more Americans default on auto loans

Wall Street sounds alarm over strain throughout car lending market as experts warn of potential risks for wider economy

The Guardian

courtesy of MSNBC https://www.msnbc.com/opinion/msnbc-opinion/gop-wants-keep-pretending-debt-ceiling-real-rcna81798?cid

"Neither the group counting on Democrats to cave or the group arguing that the U.S. #defaulting wouldn’t be so bad is willing to accept that the #debtceiling is a terrible point of leverage. It has to be raised regardless of what conditions the #GOP sets."

Why the GOP wants to keep pretending that the debt ceiling is real

House Republicans narrowly passed a bill to raise the debt ceiling by $1.5 trillion in exchange for massive spending cuts based on an arbitrary number.

MSNBC

Thread by @LukeMikic21 on Thread Reader App

https://threadreaderapp.com/thread/1454010408100978700.html

"Lots of talk surrounding #hyperinflation lately so here's a thread and article on how #Bitcoin plays into.."

"Since 1800, 51 out of 52 countries that reached sovereign #debt levels of 130% of #GDP ended up #defaulting within 15 years."

"Central #banks have no other option today in 2021 but to #print money, it's only maths."

--
Bitcoin- The big Bang to End all Cycles- Part 2-The long term Debt cycle

https://medium.com/@luke.mikic88/bitcoin-the-big-bang-to-end-all-cycles-80da5a0e3b55

Thread by @LukeMikic21 on Thread Reader App

Thread by @LukeMikic21: Lots of talk surrounding hyperinflation lately so here's a thread and article on how #Bitcoin plays into.. - The 75-100 year Long term debt cycle - Hyperinflation - Repo market madness -''Tr...…