+ Reply To This
Results 1 to 4 of 4
03-20-2017, 08:19 AM #1
Auto Loans - You're Next Subprime Crisis
According to Bloomberg, defaults on subprime auto-loans are at their highest levels since 2010. Left out of the article also was the fact that auto loans is also now a much bigger market.
Also, people are usually pretty keen to to keep up on their car payments. They need them to get to work. So if they are falling behind on cars before the next crisis, that is a big deal.
03-20-2017, 02:16 PM #2
I have some friends who do personal bankruptcy work. They say business is picking up. So there is some anecdotal data to add to your pile.
03-21-2017, 08:12 PM #3
It's not called the everything bubble for no reason.
03-23-2017, 08:28 AM #4
So can we "big short" auto loans? Are they securitized?