Three Humble Thoughts

 First....car repossession rates in the US are surging to levels not seen since the 2009 Great Recession.

Driving force?  Record-high auto debt (over $1.66 trillion), soaring vehicle prices (average new car at nearly $50,000), elevated interest rates (averaging 10.16% for loans), and broader economic pressures like inflation and job instability. 

Overall delinquency rates for auto loans have doubled since the pandemic low, reaching 3.52-percent for 30=plus days past due.

So....not only do we have banks in trouble  for commercial building loan issues....but now car repossessions  as well.

Second, this whole Canada-trade-tariff thing.

I watched a Canadian bank official do a talk today....more or less suggesting that the clock is now ticking....living standards are going to lessen very shortly (he didn't say years or months....but I got the impression he's talking about a massive problem within 60 days.

The Prime Minister? Varney?  At best....he's probably got until Christmas to figure some 'deal' (either with Trump, or with China), and show some recovery underway.  If not....I'd say he's finished and  resigns by mid-January.

Anyone's guess who comes next.

Third, all this SNAP-BS....seems likely that grocery stores on Saturday....will be robbed around the clock, and most urbanized regions will see the stores shutdown until Monday....with armed guards then set at all doors.   

Crazy BS....but it's like some ultra modern civil war script.