[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

MAGA Protest

The Floodgates Are Breaking In Germany's Welfare State

“The government wants to make sure that that does not come out. A huge part of our political system is predicated on blackmail,”

You Know What Happens Next

Cash Jordan: Half-Built Tower Abandoned… as ICE Deports Entire ‘Migrant Workforce’

Heavy rainfall causes flash flooding Tuesday night, some cars stuck in high water on Chicago's West

Biden Doctor PLEADS THE FIFTH, Refuses To Testify To Congress, Biden Pardons ARE VOID

Joe Rogan says FBI director Kash Patel played him for a fool and maga for fools with the Jeff Epstein files

Elon's AI System "Grok" Went Rogue And Has Been SHUT DOWN in an Emergency!

Earthquake Swarms at One of the MOST DANGEROUS Volcanoes in the USA

Ben Shapiro Declares Epstein Case CLOSED: ‘Facts on the Ground Have Changed’

Iran receives 40 Chinese J10-C Fighter Jets

China’s Railgun Is Now Battle-Ready, Thanks to Nuclear Power

Chinese Hypersonic Advancements! Deadly new missile could decimate entire US fleet in 20 minutes

Iran Confirms Massive Chinese HQ 9 B Missile Deal

Why Is Europe Hitting 114°F And Still Rising?

The INCREDIBLE Impacts of Methylene Blue

The LARGEST Eruptions since the Merapi Disaster in 2010 at Lewotobi Laki Laki in Indonesia

Feds ARREST 11 Leftists For AMBUSH On ICE, 2 Cops Shot, Organized Terror Cell Targeted ICE In Texas

What is quantum computing?

12 Important Questions We Should Be Asking About The Cover Up The Truth About Jeffrey Epstein

TSA quietly scraps security check that every passenger dreads

Iran Receives Emergency Airlift of Chinese Air Defence Systems as Israel Considers New Attacks

Russia reportedly used its new, inexpensive Chernika kamikaze drone in the Ukraine

Iran's President Says the US Pledged Israel Wouldn't Attack During Previous Nuclear Negotiations

Will Japan's Rice Price Shock Lead To Government Collapse And Spark A Global Bond Crisis

Beware The 'Omniwar': Catherine Austin Fitts Fears 'Weaponization Of Everything'

Roger Stone: AG Pam Bondi Must Answer For 14 Terabytes Claim Of Child Torture Videos!

'Hit Us, Please' - America's Left Issues A 'Broken Arrow' Signal To Europe

Cash Jordan Trump Deports ‘Thousands of Migrants’ to Africa… on Purpose


Business/Finance
See other Business/Finance Articles

Title: The $934 Billion Auto Loan Bubble - Subprime lending tactics in auto loans mimic the mortgage crisis
Source: [None]
URL Source: http://investorplace.com/2015/02/au ... an-bubble-stocks/#.VW2tHUZhnhM
Published: Jun 2, 2015
Author: John Divine
Post Date: 2015-06-02 09:27:30 by Jethro Tull
Keywords: None
Views: 1142
Comments: 58

The last major debt bubble, courtesy of subprime mortgages, wreaked absolute havoc on the U.S. and global economies when it flamboyantly burst in 2008.

Auto Cars Transportation 150x150 The $934 Billion Auto Loan Bubble: 5 Stocks to Sell NowSeven years later, a new bubble threatens our economy: the $934 billion auto loan bubble. Motor vehicle loans rose for the 14th straight quarter in Q4 2014, increasing by $29 billion from the quarter before and reaching a new record high.

Increasingly, people are defaulting on these loans: 3.5% of auto loans are in the 90+ day delinquency period, a sharp uptick from 3.1% in the third quarter.


Poster Comment:

I'm watching the Regime's mouthpieces on CNBC tout strong auto sales while never once discussing the subprime auto loan bubble. I read recently that the average car loan amount is app. $33k, payable over 7 years.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

Begin Trace Mode for Comment # 44.

#6. To: Jethro Tull (#0) (Edited)

I made a $15 profit on my first car...an AMC Levi Strauss Gremlin bought for $160....sold for $175.

I lost $75 on my second...bought for $100...junked for $25...a 1971 Ford Pinto in shit brown that I dubbed the Baked Potato...

war  posted on  2015-06-02   10:31:18 ET  Reply   Untrace   Trace   Private Reply  


#15. To: war (#6)

Gremlins and Pintos were the beginning of the dark years for American cars. Two royal POS right there.

My first car was a 1961 Mercury Comet. It blew up on Flatbush Ave so I pulled the plates and abandoned it in at a bus stop :)

Jethro Tull  posted on  2015-06-02   11:41:20 ET  Reply   Untrace   Trace   Private Reply  


#28. To: Jethro Tull, war (#15)

Gremlins and Pintos were the beginning of the dark years for American cars. Two royal POS right there.

War still laments not owning a Pacer for that would have been the trifecta of American POS. Well, two out of three is still pretty bad. :)

My first ride was a 65 Mustang.

abraxas  posted on  2015-06-02   13:35:55 ET  Reply   Untrace   Trace   Private Reply  


#30. To: abraxas (#28)

War still laments not owning a Pacer for that would have been the trifecta of American POS.

You have no idea how badly I wanted one of those...AM/FM radio standard equipment!!!!

My first ride was a 65 Mustang.

GT with the V8?

war  posted on  2015-06-02   13:52:19 ET  Reply   Untrace   Trace   Private Reply  


#32. To: war (#30)

You have no idea how badly I wanted one of those...AM/FM radio standard equipment!!!!

My first ride was a 65 Mustang.

GT with the V8?

I know! You could have had the joy of three on the tree too! : )

My first was a coupe with a six cylinder. My second was a 70 302 Boss. My fifth was a 69 convertible with a 351. The last one I had was a 68 CA Special with a quick little 302.

Now, I am the proud owner of a 1973 Thing. I know you are seething with jealousy. : )

abraxas  posted on  2015-06-02   13:58:14 ET  Reply   Untrace   Trace   Private Reply  


#33. To: abraxas (#32)

Now, I am the proud owner of a 1973 Thing. I know you are seething with jealousy. : )

Yes...I wanted the Vibrant Orange!!!

Actually my dream car right now is a '66 GTO...ragtop...

war  posted on  2015-06-02   14:09:45 ET  Reply   Untrace   Trace   Private Reply  


#34. To: war, abraxas, 4 (#33)

sweet -

Lod  posted on  2015-06-02   14:25:24 ET  (1 image) Reply   Untrace   Trace   Private Reply  


#37. To: Lod, war, abraxas, 4 (#34)

A '67 Firebird like this found a tree in B'klyn @ app. 80 MPH.

Jethro Tull  posted on  2015-06-02   14:43:07 ET  (1 image) Reply   Untrace   Trace   Private Reply  


#38. To: Jethro Tull, abraxas, war, 4 (#37)

'64 riv' - a real magnet, back in the day -

Lod  posted on  2015-06-02   14:54:11 ET  (1 image) Reply   Untrace   Trace   Private Reply  


#39. To: Lod (#38)

You kids never drove a Packard?

Cynicom  posted on  2015-06-02   14:56:27 ET  Reply   Untrace   Trace   Private Reply  


#43. To: Cynicom (#39)

Packard

So, you ARE the top 1%, outed at last:

X-15  posted on  2015-06-02   15:26:50 ET  Reply   Untrace   Trace   Private Reply  


#44. To: X-15 (#43)

See the spare tire on the side????

One we had, to remove the wheel, it had reverse threads.

Dont ask me why.

Cynicom  posted on  2015-06-02   15:31:51 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 44.

#46. To: Cynicom (#44)

To let the natural rotation of the wheels keep the lugs snug: several makers did that back when, until US became too stupid to figger it out and they gave up on US.

Lod  posted on  2015-06-02 15:35:58 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 44.

TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]