Pain at the pumps and a recession looming in the horizon

Average price per gallon now $3.38, tenth straight monthly rise

Get ready for some financial misery. Gas prices are up again with no end in sight. There is nothing short term or “transitory” about it, inflation is heating up and the pain at the pumps is about to trickle down into very aspect of the public’s lives. With yet another rise in national auto loan delinquency and another dip in consumer confidence, it’s getting pretty hard to doubt that a severe recession is coming and with it some old school repossession volume.

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Pain at the pumps and a recession looming in the horizon