Veteran investor with experience navigating market highs and lows. Champion of financial discipline & enjoys discussion of news, entertainment and sports.
@SudokuMonster66@unusual_whales You hit the nail on the head. These are secured loans, which means when a bank or financial institution floats the money, they can always come and repossess it if they don’t receive payment. Now ppl are driving fancy cars & they don’t have money for other expenses.
@Barchart@SoFi $SOFI is a low-tier bank right now. Their risk model is much lower than most banks, and you can see it in their default %. Them pushing OpenAI, a company that may turn a profit by 2030 says a lot about them.
@damzielinski@zerohedge Yes in Q1 GDP growth was 5.15% and inflation growth was 3.5%. Actually growth was 1.6% I’m saying that it’s not looking good for Q2.
@FoxNews Check my posts. I've been saying this ever since it started: there was never going to be a deal. If you know your history and understand what the regime does, it's delay, delay, delay. Every time Trump thinks it's going to be a deal, they delay some more.