4 ms·
We're at a record number of subprime borrowers falling behind on car loans, which historically is a really bad economical sign, consumer sentiment is at an all
by fzeroracer 11mo ago
We're at a record number of subprime borrowers falling behind on car loans, which historically is a really bad economical sign, consumer sentiment is at an all time low and the labor market isn't looking great either. Anecdotally, prices have risen sharply and people are getting sharply priced out of basic necessities due to rising costs.
- sumedh 11mo agoCan you please share a link with the data?
- fzeroracer 11mo agoThe subprime loan data can be seen here [1] and consumer sentiment here [2]. Job losses are much harder to estimate given that the current admin is actively refusing to post job numbers (for perhaps, obvious reasons) but we've seen other sites estimate that we're seeing record layoffs [3]. And that's before we get into stuff like tariff policy or the hidden costs of throwing a lot of government employees into unemployment. [1] https://www.reuters.com/business/autos-transportation/record-number-subprime-borrowers-miss-car-loan-payments-october-data-shows-2025-11-12/ https://www.reuters.com/business/autos-transportation/record... [2] https://www.sca.isr.umich.edu https://www.sca.isr.umich.edu [3] https://www.cbsnews.com/video/october-marks-worst-layoffs-22-years-american-household-debt-reaches-record-high/ https://www.cbsnews.com/video/october-marks-worst-layoffs-22...
- whydoineedthis 11mo agoThe last financial crisis was 2008. Are you saying there was a tech bubble in 2008? The economy can do bad in lots of sectors while others are gaining traction.