Wolf Richter: This Toxic Trifecta for Auto Loans is Fueling #Carmageddon
Recent vintage auto loan securitizations are going rancid, and for good reason.
Read more...Recent vintage auto loan securitizations are going rancid, and for good reason.
Read more...Banks are champing at the bit to get Dodd Frank “reform,” when for many, the changes will actually increase their costs.
Read more...Trump and the Republicans are moving forward with deregulation plans that serve big bank bottom lines, not the broader economy.
Read more...Market consequences of latest banking crisis in Spain, triggered by the collapse of housing prices that caused plunge Banco Popular shares to plunge.
Read more...Despite the high cost of financial crises, the world seems no closer to making needed reforms.
Read more...Students as the new NINJA creditors, and the broader implications of the use of debt as an instrument of social control.
Read more...The myth of the virtues of markets is past its sell-by date. Time for a new guiding principle, and the New Deal may be the place to start.
Read more...Yet another European debt/austerity-induced game of chicken, this one of Catalonia v. Spain.
Read more...CalPERS is asleep at the switch yet again.
Read more...Steven Mnuchin demonstrates that he is a shameless liar even by Goldman standards.
Read more...China taps the brake…..
Read more...Why New York City’s fiscal crisis was a watershed event.
Read more...More and more analysts are getting nervous about China. Are there concerns warranted?
Read more...No large economy has made a crisis-free transition from being investment/export led to consumption led. Is China finally starting its Big One?
Read more...Despite record incentives, auto sales decline speeds up, inventory bloat spreads to zombie malls.
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