Elon Musk: Auto Loans Could Be Source of ‘Biggest Financial Crisis Ever’,and these same people that took out these big loans are now ‘underwater.’ They owe banks more on these cars than they are worth, the banks are well-aware of the problem.

The automotive market may be under stress as several experts call for a massive wave of repossessions in early 2023, with prominent figures like Tesla founder Elon Musk and Ark Invest’s Cathie Wood sounding the alarm about the potential impact on financial …

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Nothing got fixed after the 2008 financial crisis. We are going to pay a terrible price for the fecklessness of the Fed and our worthless, captured regulators, enforcers, & policy makers who turned a blind eye to systemic fraud and enormous risks to the soundness of the financial system.

Too soon? pic.twitter.com/Yq5yhbiDQb — Financelot (@FinanceLancelot) December 16, 2022 J Powell – "We printed too much money, prices went up too quickly and you couldn't afford stuff…worry not! We will now reduce your net worth and take away your job." …

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The Diesel Crisis Is Going Global

A perfect storm in global diesel markets is unfolding. Refining capacities are tight, and stockpiles are being depleted as the Northern Hemisphere cold season begins. Supply crunches could jeopardize critical transportation networks since the industrial fuel powers ships, trucks, and …

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