#18 What's next for auto lending, When will car prices drop, How the FED really works, Receiving a call from Warren Buffett | Danielle DiMartino Booth, CEO & Chief Strategist of QI Research
Car Dealership Guy Podcast
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The Fed's Plan to Reduce Our Balance Sheet
The minutes from the June meeting reiterated today, we have every intention to plow forward with plans to reduce our balance sheet. The last time he did was that no junk bonds were sold for a record 41 days in a row. That is a complete freezing up of your financial system and it means credit. And Powell had to pivot. Now, that hadn't happened yet. We haven't woken up to see the largest high yield exchange traded fund in the world is no longer taking redemption. If that really happens come October, watch out. There will be no Christmas. No stopgap measure, no spike in the unemployment rate. So far, the term that I use with the most regular
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