Perhaps the biggest risk is that negative real rates point to a rising threat of deflation. That’s not so easy to shrug off amid a deep recession. This much is clear: the world is awash in debt, and the burden of servicing that debt will grow sharply amid deflation.
-- James Picerno, The Capital Spectator
More than 4 million low-mileage, nearly-new lease vehicles are due to return to the market this year, at a rate of around 340,000 per month. That could push used vehicle prices down in the near term, hurting new vehicle pricing and demand, industry officials said.
-- Nick Carey, Reuters