• @protist@mander.xyz
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    5 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
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      5 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.