Commodity Trade Mantra

Posts Tagged ‘Auto Loans’

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?

follow us

markets snapshot

Market Quotes are powered by India

live commodity prices

Commodities are powered by India

our latest tweets

follow us on facebook