• protist@mander.xyz
    link
    fedilink
    English
    arrow-up
    4
    ·
    edit-2
    4 months ago

    so it can’t account for a 23% surge.

    Why not? I don’t see this logic

    The Fed raising interest rates affects lots of things directly, including the cost of home and auto loans, not just unemployment rates, which are indirectly affected

    • sugar_in_your_tea@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      4
      ·
      edit-2
      4 months ago

      Exactly. Auto loans are relatively short-term, and you’re probably more likely to default relatively early into the loan than later, esp. since you would no longer be upside-down later on.