Loading ...I’m thinking the banks are anticipating, and maybe want an economic slowdown, because a car dealer friend, actually sells smaller trucks, told me five customers in a row, were turned down for loans.
They were all well off business owners. Plus they had big down payments. Another person I know with a 780 credit score got notified they would not renew his home equity loan. The USA has been living off way too many fake jobs, or unneeded jobs, that produce nothing, and consume money from others.
The USA forgot after 1972, that manufacturing jobs create wealth, the birth of wealth, all other jobs need the manufacturing or producers to live off of. Unfortunately China got all the wealth producing manufacturing jobs that we used to have before 1972.
For one example, we are stuck with cars that are so complicated, so many unneeded electrical parts, and stupid nine speed transmissions, catalytic converters and fixing them is extremely expensive. So they junk the cars rather pay a lot of money to fix them.