hearing rumors that consumer finance is likely to implode by spring conduct yourselves accordingly
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eigenrobot Retweeted Kevin
consumer financing = credit cards, mortgages, auto loans implosion would be basically like what happened to housing in 08, severity probably not as bad, probably more concentrated among middle/lower middle/working classes just passing on rumorshttps://twitter.com/kevin_bowen/status/1335388370063638529?s=19 …
eigenrobot added,
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Replying to @eigenrobot
What would that mean for consumers though? Harder to get new credit? Higher rates?
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Replying to @kevin_bowen
probably more of the former than the latter is my guess
5:05 PM - 5 Dec 2020
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