I find especially interesting your remark on potential early credit crunch sign (auto loan delinquency), though being aware of my own's confirmation bias.
I also find valuable your thesis about the Fed potentially injecting shadow liquidity into the CRE crisis. In my view, such a scenario could potentially lead not to a remarkable decline in asset prices awaited by many, but to a further U.S. dollar debasement.
In my eyes, a small portion of the credit pie is in dire straits for the time being. As conditions continue tightening and a larger portion of credit is in the same boat that young auto loans are now, I'll feel comfortable saying we've moved from the early stages and into the thick of it. Thanks for reading, Nik!
insightful, as usual.
I find especially interesting your remark on potential early credit crunch sign (auto loan delinquency), though being aware of my own's confirmation bias.
I also find valuable your thesis about the Fed potentially injecting shadow liquidity into the CRE crisis. In my view, such a scenario could potentially lead not to a remarkable decline in asset prices awaited by many, but to a further U.S. dollar debasement.
Thank you, Nik, Joe.
In my eyes, a small portion of the credit pie is in dire straits for the time being. As conditions continue tightening and a larger portion of credit is in the same boat that young auto loans are now, I'll feel comfortable saying we've moved from the early stages and into the thick of it. Thanks for reading, Nik!