The Manheim Used Vehicle Value Index for January 2022 was 236.3 versus 236.2 in December and 163 in January 2021 (a 45% increase YoY). The non-adjusted price change in January showed a decline of 0.9%. Weekly data from January via the Manheim Market Report (MMR) showed that value decreases accelerated at the end of the month. Some online accounts that focus on automobile auctions have been sharing the message that auctions are starting to slow down. The volume of sales at the

From Danielle DiMartino Booth Quill Intelligence with Professor Richard Werner explaining: "Where Do Banks Get the Money When They Give You a Loan?" (in 5 minutes or less) "Is it from deposits...or is it from excess reserves at the central bank...or is it just created out of nothing, out of thin air, invented?" Short Version: They book the loan as an asset and create a customer claim on the bank (aka a bank deposit) into your account as liability. Not exactly how Jimmy Stewar