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Old 17-05-2018, 10:29 AM   #1
Sprintey
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Default Us subprime auto loans looking shaky

https://palisade-research.com/subprime-chaos/

Good article that mentions US used car prices falling, subprime auto loans in record default levels. Mentions a bit of Austrian economics - if you pump cheap credit and then take away access to said cheap credit, things will end in tears.
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Old 17-05-2018, 11:29 AM   #2
Peter B - CV8
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Default Re: Us subprime auto loans looking shaky

What do you expect when lenders give out money without having to verify if borrowers can actually afford the repayments. It's a recipe for disaster...
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Old 17-05-2018, 11:45 AM   #3
Maka
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Default Re: Us subprime auto loans looking shaky

Good eye opening read, a big bubble bath (financial crash) is perhaps on the horizon or is the link fake news to some lol?

cheers, Maka
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Old 17-05-2018, 01:05 PM   #4
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Default Re: Us subprime auto loans looking shaky

Just like the Pondsy Loans, that lead to the GFC.
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Old 17-05-2018, 01:08 PM   #5
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Default Re: Us subprime auto loans looking shaky

Ponzi.
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