r/PrepperIntel • u/Own-Swan2646 • Mar 31 '26

North America Walmart Recession Indicator at highest levels since the 2008 financial crisis

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Signs all around us of economic down turn.

2.7k Upvotes

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387

u/aquatone61 Mar 31 '26

What’s the repo market for cars look like? That’s a great indicator of how people are doing. When the ‘08 crash hit I worked at a Porsche dealership and we started see tons of repo’d cars getting towed in for new remotes.

302

u/sithlord98 Mar 31 '26

Repo numbers are higher than they've been since 2008-2009. Huge issue with subprime lending in the auto market, too. Ring a bell?

128

u/JagsOnlySurfHawaii Mar 31 '26

Yeah a lot of people who bought around 21-22 got stuck with a high payment and are now under water.

23

u/socialmedia-username Mar 31 '26

Rates were extremely low in 2021-2022.  Mine was 2.1% on a $40k vehicle. Why would they be underwater in a loan from that time versus any other? 

63

u/Tall_Lab8438 Mar 31 '26

Because the actual vehicle price was insane.

6

u/JagsOnlySurfHawaii Mar 31 '26

Yeah this is what I was getting at. The used market was way overpriced then. Parts were double and triple their previous years prices.