@吴家琦:BREAKING: Auto-loan DEFAULTS are increasing - warning for the global economy 🚨The CFO of one of the world’s largest car manufacturers Ford Motor Company has just made a short comment with BIG implications.Why is this important?Auto loans are already the third largest consumer credit market in the United States at over ~$1.4 trillion outstanding, double the amount from 10 years ago.This is particularly bad news for auto manufacturers with high amounts of auto-loans outstanding.Let’s walk this particular example through: Recessionary Consumer Confidence + Record Fuel Prices + 40-year high Inflation —> Auto-loan delinquencies —> Lower Auto-demand —> Lower Manufacturing Output —> Corporate Lay-offs —> Higher Unemployment —> Lower Economic Activity —> RecessionThis could be