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Auto loan balances increased by $22 billion last quarter. Are consumers in over their heads?

Image source: Getty Images Rising car prices and loan rates could spell disaster for drivers. Key points Car prices have risen this year due to shortages in the supply chain. This forces borrowers to take on higher car payments – and put their finances at risk. Compare your total monthly expenses to your income to …

Auto loan balances increased by $22 billion last quarter. Are consumers in over their heads? Read More »

China Circles El Salvador’s Economy As Country Heads For Crypto Plunge

As crypto-Twitter cascaded doomsday memes about the bankruptcy of cryptocurrency exchange FTX and the steep drop in the price of bitcoin, one account remained particularly quiet on the subject. Unlike previous crashes, El Salvador’s President Nayib Bukele, who made bitcoin legal tender a year ago, did not urge his followers to “buy the dip.” The …

China Circles El Salvador’s Economy As Country Heads For Crypto Plunge Read More »

China Circles El Salvador’s Economy As Country Heads For Crypto Plunge

As crypto-Twitter cascaded doomsday memes about the bankruptcy of cryptocurrency exchange FTX and the steep drop in the price of bitcoin, one account remained particularly quiet on the subject. Unlike previous crashes, El Savlador Chairman Nayib Bukele, who made bitcoin legal tender a year ago, did not urge his followers to “buy the dip”. The …

China Circles El Salvador’s Economy As Country Heads For Crypto Plunge Read More »