Posts Tagged ‘Inflation’

‘Anyone can get an auto loan’

March 16, 2022

For when the M1126 Infantry Carrier Vehicle just isn’t big enough.

OK, so, with the Russian war in Ukraine, random gun violence here at home, and inflation everywhere, we all have plenty to worry about.

But wait! There’s more!

Cyclists, pedestrians, and anyone else hoping for safe streets in a livable environment will hop the first dick-missile to Mars after scanning this New York Times story on what the quarter-point hike in the Fed’s key interest rate means for any of us chickens who’d like to cross the road without winding up fried and breaded in one of the Colonel’s buckets.

A couple key pull-quotes:

“There is far more variation in auto lending than in, say, the mortgage market because there are more credit types. Anyone can get an auto loan.” — Jonathan Smoke, chief economist at Cox Automotive, an industry consulting firm.

“Car-loan rates will move up as the Fed hikes interest rates, but it will be a nonissue for car buyers because it has such a limited impact on monthly payments. Nobody will need to downsize from the S.U.V. to the compact because of rising rates.” — Greg McBride, chief financial analyst at Bankrate.com.

Damn straight. Fuck a bunch of Prius. Whadda I look like, some hippie? I got an image to maintain. What are the Russian oligarchs driving this season?

Beans and rice, rice and beans, beans and rice

February 10, 2022

Back to basics.

Inflation rises, earnings fall.

Happily, literature has the answer.

There’s “On the Road,” by Jack Kerouac:

“You know what President Truman said,” Remi [Boncœur] would say. “We must cut down on the cost of living.”

And also, “Tortilla Flat,” by John Steinbeck:

Beans are a roof over your stomach. Beans are a warm cloak against economic cold.

Thus, yesterday I labored mightily and brought forth the plato combinado. Green chile chicken enchiladas, frijoles, and rice. Not pictured: The appetizer created by Herself; sliced avocado with halved cherry tomatoes, olive oil, salt, and pepper. We will be gnawing on this carcass for days.

The mantra around here when money gets tight is “Beans and rice, rice and beans, beans and rice.” So there you have it. Go forth and do likewise.