Quote:
Originally Posted by chassis
None of the safety or environmental systems on vehicles were demanded by consumers. All of them were mandated by legislation. I see electrification as being no different than seat belts, airbags, ABS, catalytic converters, EGR, and the list goes on.
Regarding debt, please share links of data showing debt in context with total consumer debt burden. Total dollars (or pounds sterling, or euros, or yen, etc.) of debt is a meaningless statistic. Debt as a ratio of some meaningful denominator is relevant.
The consumer is healthy by nearly any measure.
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The 90+ day rate is slightly higher than this data from The Fed (Kansas City) but you'll get the point.
https://www.kansascityfed.org/en/pub...y-rates-rising
The other thing to look at is the average loan term. This is even older but the trajectory has not changed.
https://www.marketwatch.com/amp/stor...5-58CA03FA40BD
Basically it's a combination of longer loan terms coupled with increased delinquencies.
That's a problem.
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