Carl Quintanilla @carlquintanilla.bsky.social
APOLLO: “… wage growth for job switchers is lower than wage growth for job stayers, suggesting that the labor market is cooling down.”
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Something something water torture, drip drip drip…
“Subprime auto delinquencies have now surpassed 2009 levels, reaching a 15-year high, according to Fitch.”
https://www.edmunds.com/car-news/1000-car-payment-record-highs.html
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It will be the next financial crisis.
Drip, drip, drip…
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Maybe Ford should make components that are imported to make that Ford in Detroit in the USA. Then there wouldn’t be any tariff on Ford to compete mono a mono on the different vehicles that are all that similar. I have nothing against Ford having owned them since 1991, my everyday drive is a Ford and I have also owned Toyota before. I like them both. I think that article is a whiny red herring.
So Ford IMPORTS their American made cars?
Because then the price goes up even more. Why should I be forced to pay elevated prices to companies when I can get for them cheaper somewhere else?
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Then Ford happily pays the tariff instead of employing an American worker. Why should your chosen vehicle purchase be subsidized by laid off American workers with foreign labor so you can save some money. Tariffs are a tool for leveling inequality in free world wide trade and also has some effects to protect a country’s labor force. Countries freely decide to trade or not trade. You get to buy a product at the price your freely willing to pay.
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Ford imports many components for some models. They also import whole vehicles also. Bronco, Maverick, Mustang are some.
Would you pay a lot more for a car with parts built with and in the USA? Judging by other consumer items, the answer is no. It’s nice to give rhetoric but in the end, people voted with their pocketbooks.
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The Mustang is manufactured in Dearborn, MI.
Some are made in Dearborn and some in Mexico, Ford is an international corporation.
Yes, if I see a vehicle I want I would pay more for made all in the USA. I would also buy a foreign car manufactured in USA, as some are, if that was the car I wanted. Both scenarios would benefit the USA economy.
Just to be clear it’s not just “paying more” for a vehicle fully sources and manufactured in the US. You would be “paying a crap ton more”
Now if you’re willing to go to a full “crap ton more” then more power to you. Most consumers are not.
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The “I’ll buy American” is all just rehtoric.
With the currently propsed tariffs Ford said it would be a price difference in trucks of $10,000 or more compared to a Japanese equivalent with the higher tariffs on Canada and Mexico. It would take years for Ford to bring all production and its supply chains back to the US. It would likely drive up the price of an American made car by about 50-60% more at least.
In 7 days, new tariffs will kick in and we can expect an average increase in prices by about 18%.
Tariffs are just another name for an import tax that Americam consumers pay. The idea other countries pay that to us is simply gaslighting.
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And now this:
U.S. economy added 73,000 jobs in July, far below expectations of 110,000.
It’s coming.
Sticks down over 1.3% in response to that news this morning. We’ll see how it goes the rest of the day.
DOW return since Jan 2025 once again negative.
We are seeing severe problems in our Housing Market due to the high interest rates. Thus employment drops.
We also are reducing US Government jobs. This sector was bloated via $2 Trillion of deficit spending. The Government had risen to 25% of all spending, way above historical norms.
Our Economy went through a big contraction during Reagan’s first 2 years in Office, then boomed by 1984. He then carried 49 States in 1984.
Reagan inherited an undeniable mess, very high inflation and unemployment. Not the same as current situation.
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