Tuesday, October 7, 2014

BETTER LUBE UP THE OL' PRINTING PRESS...

"... the total balance of newly originated subprime auto loans is $70.7 billion, an eight-year high and representing 27.8% of the total balance of new auto loans."

Auto Debt Nearing $1 Trillion—But No Bubble Here!

2 comments:

  1. F*****g Insanity! That stupid country south of us just can't dig itself six feet under fast enough. And we are shovelling like crazy to catch up.

    http://business.financialpost.com/2014/08/20/eight-year-car-loans-drive-sales-and-deepen-canadians-debt-problems/

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  2. Anyone with an even rudimentary comprehension of economics and monetary policy has to know that 6 years of unprecedented "stimulus" has been building an even bigger economic bomb. The only question is how fast/slow the fuse will burn and how much bigger the bang will be. This time, the firefighters are out of water.

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