McKinsey: Half the World’s Banks Too Weak to Survive Downturn

Re:McKinsey: Half the World’s Banks Too Weak to Survive Down... by helpPeople on Tuesday October 22, 2019 @09:57AM (#21323622)

I look at 8 year automotive loans, and I wonder- who is about to get screwed.

People with jobs at gas stations buying new $30k vehicles.

Either inflation is about to get bad, and our parents/Grandparents lose big or deflation happens and young people are screwed.

Are there any other options?

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Re:McKinsey: Half the World’s Banks Too Weak to Survive Down... by segmondy on Tuesday October 22, 2019 @11:54AM (#21325127)

$30k vehicles are cheap these days. My mouth dropped when I was at the auto show and seeing SUVs like navigator and escalade with price of $80k+

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Re:McKinsey: Half the World’s Banks Too Weak to Survive Down... by mywittyname on Tuesday October 22, 2019 @01:37PM (#21326437)

The median new car price is quickly approaching $40k. Probably 65% or so of new cars cost more than $30k.

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Re:McKinsey: Half the World’s Banks Too Weak to Survive Down... by theandrewbailey on Tuesday October 22, 2019 @04:21PM (#21328129)

Navigators and Escalades are luxury SUVs. Of course those are going to cost a lot.

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Re:McKinsey: Half the World’s Banks Too Weak to Survive Down... by buckminster on Tuesday October 22, 2019 @03:39PM (#21327727)

In the UK in recent years there has been a big increase in lease-to-buy deals where the consumer can return the car and walk away. The car finance companies seem to be in the riskiest position.

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Re:McKinsey: Half the World’s Banks Too Weak to Survive Down... by seganddr on Tuesday October 22, 2019 @10:05AM (#21323696)

People stop with all the fear mongering and there's another decade of slow and steady growth.

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