Seriously dropping liquidity….

July 23, 2023 8:23 am by Alex

M2 deepest decline
EVER pic.twitter.com/8xwBf4NZQN

— Win Smart, CFA (@WinfieldSmart) July 17, 2023

This is fine.

As the EV bubble bursts, idiots who massively overpaid for Teslas are going to end up letting the repo man haul away their cars rather than continue making huge payments on a rapidly depreciating asset. Auto lenders, you are so f*cked.

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