Credit Crunch Tsunami Hits Land

Cars, houses, and now jobs are at risk

Apr 22, 2023

∙ Paid

The big news this week is the credit crunch tsunami launched by last month’s bank panics is now hitting land, with buildings collapsing in car loans, housing, and business loans.

The recession signals are turning into sirens.

Car Lenders Pulling Out

The latest is that banks are cutting off loans and credit to car dealerships. Capital One, one of the bigge…

Keep reading with a 7-day free trial

Subscribe to Peter St Onge, Ph.D. to keep reading this post and get 7 days of free access to the full post archives.