Commodity Trade Mantra

Posts Tagged ‘Auto Loans’

The Next Subprime Crisis - The US Auto Industry Is Here

Auto loans made to consumers with subprime credit have been accounting for an increasingly larger percentage of the market. Eventually a lot of those loans are going to start to go bad, and that is precisely what is happening now. Auto sales have begun to fall & used car prices have started to crash. Here are 12 signs that a day of reckoning has arrived for the U.S. auto industry.

Why the Coming Wave of Defaults Will Be Devastating

In an economy based on borrowing, loan defaults & deleveraging matter. Defaults mean loans & bonds won’t be paid back. The owners of the bonds & debt (mortgages, auto loans, etc.) will have to absorb massive losses. Having unleashed tens of trillions of dollars in new credit since 2008, the central banks have simply increased the likelihood & scale of the coming default conflagration.

Deadbeat Nation: A Shocking 77 Million Americans Face Debt Collectors

A new research says about 77 million – a stunning number, Americans have a debt in collections. But how is it possible that tens of millions of Americans are in such dire straits? Wages have barely kept up with inflation during the 5 year recovery, as per Labor Department figures. But.. recovery? And consumer confidence at 2007 highs?

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