Silver as an investment

Category Archives: Auto loans

This Is Where The Next US Debt Crisis Is Hiding

This report was originally published by Tyler Durden at Zero Hedge As the Federal Reserve reported most recently two weeks ago, US consumer non-mortgage debt has never been higher: as of December 31, 2017, US households have a record $1.0 trillion of credit card/revolving loans, a record $1.3 trillion of auto loans and a record $1.5 trillion […]

The Fed Issues A Subprime Warning As Household Debt Hits A New All Time High

zerohedge.com / by Tyler Durden / Nov 14, 2017 12:47 PM After we first reported last week that US credit card debt once again rose above $1 trillion, despite a recent sharp downward revision to the data, while both student and auto loans rose to a fresh record high… … it would probably not come as a surprise that […]

How The Elite Dominate The World – Part 1: Debt As A Tool Of Enslavement

This report was originally published by Michael Snyder at The Economic Collapse Throughout human history, those in the ruling class have found various ways to force those under them to work for their economic benefit. But in our day and age, we are willingly enslaving ourselves. The borrower is the servant of the lender, and there has never […]

How The Elite Dominate The World – Part 1: Debt As A Tool Of Enslavement

Throughout human history, those in the ruling class have found various ways to force those under them to work for their economic benefit.  But in our day and age, we are willingly enslaving ourselves.  The borrower is the servant of the lender, and there has never been more debt in our world than there is […]

69 Percent Of Americans Do Not Have An Adequate Emergency Fund

Do you have an emergency fund?  If you even have one penny in emergency savings, you are already ahead of about one-fourth of the country.  I write about this stuff all the time, but it always astounds me how many Americans are literally living on the edge financially.  Back in 2008 when the economy tanked […]

GM Extends Plant Shutdowns As Toxic Trifecta For Auto Loans Fuels Carmageddon

zerohedge.com / by Tyler Durden / Jun 14, 2017 10:25 AM In yet another unsurprising headline, The Wall Street Journal reports that GM will extend the typical summer shutdown at certain U.S. factories to deal with slumping sales and bloated inventory, a sign the industry’s hot streak is grinding to a halt. The No. 1 U.S. auto maker in […]

12 Signs The Economic Slowdown The Experts Have Been Warning About Is Now Here

Since the election there has been this perception among the American public that the economy is improving, but that has not been the case at all.  U.S. GDP growth for the first quarter was just revised up to 1.2 percent, but that is even lower than the average growth of just 1.33 percent that we […]

The Father of Subprime Auto Loans Is Cashing Out

caseyresearch.com / By Justin Spittler, editor, Casey Daily Dispatch / May 09, 2017 Don Foss is walking away from his empire. You’ve probably never heard of Foss. But he’s likely the world’s richest used car salesman. He was also a pioneer of the subprime auto loan market. These are car loans made to people with bad credit. Today, the subprime auto loan […]

Debt Apocalypse: US Student and Auto Loans Hit New Record of $2.6 Trillion.

mybudget360.com / 05/07/2017 American consumers are once again spending beyond their means.  Just a few months ago there was a startling headline reporting that US consumers now had over $1 trillion in credit card debt outstanding.  That seemed astonishing in itself but now looking at debt levels in other sectors we find thatauto loans outstanding are […]

Wells Fargo, JPMorgan Wary of Auto Loans, Pack Them in Bonds (The Secret of NIM)

wallstreetexaminer.com / by Anthony B Sanders • April 27, 2017 Yes, we are seeing the offloading of risk assets into structured bonds … again. (Bloomberg) – Matt Scully – Depending whose money they’re using, Wells Fargo & Co. and JPMorgan Chase & Co. either love subprime car loans or fear them. Both banks have grown more reluctant to make […]