The Next Financial Crisis: Why Car Dealerships and Mortgages Are Crashing! ft. Peter St Onge

In this video, Peter talks about the credit crunch tsunami from last month's bank panics hitting land, causing buildings to collapse in car loans, housing, and business loans. Banks are cutting off loans and credit to car dealerships, leading to decreased lending overall. The situation is similar for mortgages, with households struggling to stay afloat. Business loans are also dropping, which is a distress signal for families. Tighter lending may lead to more bankruptcies and job losses, and there's a good chance more pain will come.

Peter St Onge from @Profstonge has granted us permission to upload this video for our audience.
Peter's Twitter: https://twitter.com/profstonge?s=20

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DISCLAIMERS/TERMS/RULES:
► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.

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