Subscribe NOW

Text Message our CEO:

650-283-8008

Free Resources

Click Here to learn more

Fed remittances to Treasury, which are collapsing. And Car Loans

by Larry Chiang on December 16, 2022

Luke Gromen

⁦‪@LukeGromen‬⁩

Earlier this wk, I tweeted out the Fed’s “operating P&L proxy” (Fed remittances to Treasury, which are collapsing), noting that it was a leading indicator of the same problem many “borrow short/lend long” biz models will have as they mk-to-mkt in early 1H23

Great example here 👇

12/16/22, 1:21 PM

CarDealershipGuy

⁦‪@GuyDealership‬⁩

Over the past 2 years, many people took out exorbitant loans on cars.

Car values were inflated (and frankly, still are to some extent).

But many people simply had no choice and bought an overpriced a car.

Well…

12/16/22, 10:50 AM

CarDealershipGuy

⁦‪@GuyDealership‬⁩

This morning I discovered something *extremely* alarming happening in the car market, specifically in auto lending.

I’m now convinced that there is a massive wave of car repossessions coming in 2023.

Here’s what I discovered (and what no one knows):

12/16/22, 10:50 AM

CarDealershipGuy

⁦‪@GuyDealership‬⁩

I’ve been a doubter, but after what I saw this morning, I’m now FULLY convinced that a wave of car repossessions will hit in early/mid 2023.

If lenders are willing to backstab each other in order to put more loans on the road, we’re in trouble.

This will not end pretty.

12/16/22, 10:50 AM

from my personal iPhone, 650-283-8008, that Steve Jobs texted me on

https://www.youtube.com/watch?v=ejeIz4EhoJ0

Leave a Comment

Previous post: 3 Monitors from UBS on China

Next post: Tweet by David Sacks on PIA ICAO

Register Get a $45 Rebate
Larry Chiang on Facebook
Email*
sign up for the Newsletter subscribe to the RSS Feed follow Larry on Twitter
About Duck9

Duck9 is a credit score prep program that is like a Kaplan or Princeton Review test preparation service. We don't teach beating the SAT, but we do get you to a higher credit FICO score using secret methods that have gotten us on TV, Congress and newspaper articles. Say hi or check out some of our free resources before you pay for a thing. You can also text the CEO: 650-283-8008
Awesome Brands