4min chapter

The Compound and Friends cover image

12 Things Everyone Got Wrong About Inflation

The Compound and Friends

CHAPTER

New York Community Bank Reports in the Next Few Days

The New York Fed said that Americans are in a shot down. Rejection rates for auto loans hit the highest level for a data series going back to 2013. The rejection rate overall for credit applicants rose to its highest level since June of 2018. If you knew nothing, you would say, this looks wildly improbable.

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