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The Biggest Rug Pull of Our Lives (EP.332)

Animal Spirits Podcast

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The Impact of Increasing Personal Interest Payments

This chapter analyzes the rise in interest payments related to car loans and credit cards, which can eventually crowd out consumer spending and cause financial pain for consumers in the future. It discusses the challenges faced by lower income individuals with lower credit scores, including the high delinquency index for subprime auto loans. The chapter also mentions the decline in employment in the mortgage industry and the volatility of average retail loan officer payments per month.

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