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More than 7 million Americans have gone into "serious delinquency" on their car loans, according to the Federal Reserve Bank of New York, and that is one of the reasons the US Fed has become more cautious about raising interest rates.

In fact, the automobile industries of the US and Europe have — for different reasons — started to show symptoms of something serious happening in the underlying Western economies. Europe is flirting with recession, and many people here have simply stopped buying cars. In America, danger signals from auto-loan debt suggest US consumers don't feel as though they're enjoying the best of times.

Both factors suggest many consumers feel their finances are no longer robust enough to handle big-ticket purchases.

OTHER NEWS

1-Nếu Fed tăng lãi suất, USD thậm chí còn tăng mạnh hơn nữa. + USD hiện đang duy trì tốc độ tăng mạnh nhất kể từ năm 1984, và dường như ít ai có khả năng ngăn được đà tăng này. + Cũng tháng 9 nhưng cách đây 30 năm, khi đó Mỹ đủ mạnh […]

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