Subprime Auto Loans Blow Up, Delinquencies at 2009 Level, Biggest 12-Month Surge Since 2010, by Wolf Richter — STRAIGHT LINE LOGIC

Imagine where delinquencies would be if we weren’t in „the best economy ever.“ From Wolf Richter at wolfstreet.com: But these are the good times. Automakers are not amused. The auto industry depends on subprime-rated customers that make up over 21% of total auto-loan originations. Without these customers, the wheels would come off the industry. And […]

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Autor: uwe.roland.gross

Don`t worry there is no significant man- made global warming. The global warming scare is not driven by science but driven by politics. Al Gore and the UN are dead wrong on climate fears. The IPCC process is a perversion of science.