Finance

Archive: https://archive.is/2025.03.07-002530/https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades

Archive: https://archive.is/20250306051625/https://www.ft.com/content/2e8109e6-d56b-4c3f-824d-2933eaff1242

“You’d be hard pressed to find another period where the disparate trends across the Atlantic have switched gears like this so profoundly,” said Robert Tipp, head of global bonds at PGIM Fixed Income.

The US had hit a “saturation point” where headlines on tariffs and lay-offs had created a “budding economic pessimism” that had sent investors rushing for haven assets, he added. “Right at that moment, Europe has switched to stimulus.”

Mirror: https://archive.is/2025.03.03-155800/https://www.bloomberg.com/news/articles/2025-03-03/job-market-for-mba-students-prospective-grads-face-harder-job-search

Mirror: https://archive.is/2025.03.03-051944/https://www.ft.com/content/80d0ca38-7b15-4432-891d-d9b1d5b080ca

Mirror: https://archive.is/2025.03.02-145259/https://www.wsj.com/finance/investing/abs-crashed-the-economy-in-2008-now-theyre-back-and-bigger-than-ever-973d5d24

Allowing wealth to distort the economic picture also just makes the state of things more difficult to understand, both for economists and for regular people. The usual economic indicators don’t add up to a coherent picture: Prices go up, consumer-debt delinquencies spike or hiring stagnates, but consumer spending doesn’t pull back and the stock market remains buoyant. Does that mean Americans are actually doing fine?

Mirror: https://archive.is/20250228110307/https://www.bloomberg.com/news/articles/2025-02-28/wealthy-americans-fuel-half-of-us-economy-consumer-spending

Mirror: https://archive.is/2025.02.25-162730/https://www.ft.com/content/b505f510-c902-480f-84c9-f38a58937a3c