Tag: Credit Card Debt

Auto Loan Affordability Tanks, and Delinquencies at Three-Decade High

Subprime is securitized into ABS derivatives that’s reminiscent of mortgage-backed securities that were responsible for the Great Financial Crisis.

The Recession Arrived With Wardogs and Goldilocks’ Hopium in 2023 – Part 3

The Wall Street Journal handed Biden a bullhorn last week to disseminate his clueless fantasy on the current state of the United States economy.

Growing Risk of Recession as Bread and Circuses Distract the Plebeians – Part 3

The Fed said everything was under control, but Jay Powell's "softish" recession is as close as it gets to whispering fire in a crowded theater.

96-Month and Subprime Auto Loans – It is All Good Until…

96-Month and Subprime Auto Loans – It is All Good Until It's Not.