Anonymous wrote:My car insurance went down.

Your single piece of data with zero context is completely useless.

Anonymous wrote:My car insurance went down.

“Full-coverage car insurance rates are rising across the country, and some states are facing daunting double-digit increases, according to Insurify’s latest car insurance report.

Factoring in the impact of tariffs, 12 states will see steep year-over-year increases of 10% or more.”

https://www.montanarightnow.com/national_news/12-states-facing-double-digit-car-insurance-hikes-by-end-of-2025-tariffs-escalating-costs/article_afbdeb51-c87f-537c-bca8-13cf00576eef.html

Anonymous wrote:

Anonymous wrote:My car insurance went down.

Better to pay the increased costs of groceries, goods, gas, and travel.

Don’t forget health insurance and electricity courtesy of Trump.

Anonymous wrote:My car insurance went down.

Better to pay the increased costs of groceries, goods, gas, and travel.

My car insurance went down.

Anonymous wrote:

But according to the Republicans on my Next Door feed, prices have PLUMMETED! 🙄

Americans Are Falling Behind on Their Car Payments

“The percentage of new-car buyers with credit scores below 650 was nearly 14% in September, roughly one in seven people, J.D. Power said last month. That is the highest for the comparable period since 2016.

And the portion of subprime auto loans that are 60 days or more overdue on their payments hit a record of more than 6% this year, according to Fitch Ratings”

https://www.wsj.com/business/autos/auto-loans-subprime-late-payments-1d8bb33c

22 states are in recession

https://www.axios.com/newsletters/axios-macro-a4b56420-a516-11f0-8a32-b1c1571dfd59.html?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosmacro&stream=business

Anonymous wrote:

Anonymous wrote:Because Wall Street is a measure of corporate profits, not "the economy"

How are corporate profits still up when so many people are struggling? Are people putting everything on credit?

It's really only about the top fifteen companies if you listen to the earning reports. The other 485 companies in the S&P are struggling. Consumer Staples are in the dumps. Everything is a circular jerk spend around the AI boom and build.

Anonymous wrote:

Anonymous wrote:Because Wall Street is a measure of corporate profits, not "the economy"

How are corporate profits still up when so many people are struggling? Are people putting everything on credit?

The stock market boom is not about overall corporate profit growth. It's about profit growth at a few AI companies and then expectations of growth in some other as a result of AI. Almost all of the growth is coming from AI-linked stocks. If you look at a consumer staples ETF (e.g. VDC), it's basically flat YTD and down YoY. AI investment spending is now 4% of GDP and accounts for 92% of GDP growth so far this year. The AI-linked companies that are turning huge profit (e.g. NVIDIA) because they are selling the hardware for the investment. If AI turns out to be a bubble, the pop is really going to hurt.

Anonymous wrote:

Anonymous wrote:Because Wall Street is a measure of corporate profits, not "the economy"

How are corporate profits still up when so many people are struggling? Are people putting everything on credit?

Layoffs, cutting deals to avoid paying tariffs etc

Anonymous wrote:Because Wall Street is a measure of corporate profits, not "the economy"

How are corporate profits still up when so many people are struggling? Are people putting everything on credit?

Because Wall Street is a measure of corporate profits, not "the economy"

Two different economies. Wall Street and Real Economy
In the real economy the below is currently taking place.

a) Job hiring has slowed down. We don't know about the unemployment claims, both new and recurring because the government is closed and people aren't getting paid.
b) Freight industry is down, ask FedEx and UPS if people are getting deliveries like they use to. That means buying/purchasing is down.
c) Foreclosures are up and housing is down. The entire home builders industry was downgraded because people are not buying houses. Mortgage applications are weak
d) Travel and leisure is slowing
e) Car purchasing is down

“.. Foreclosure rates have surged across the country and are up almost 20% from this time last year.”

https://www.realtor.com/news/trends/10-metros-with-the-highest-foreclosure-rates-in-the-country/