by Michael Krieger, Liberty Blitzkrieg:
Most of you reading this are probably aware the U.S. auto market is a train wreck waiting to happen, but a recent report by Moody’s really puts the industry’s insane lending practices into perspective.
As U.S. auto sales have peaked, competition to finance car loans is set […]
from X22Report Spotlight:
by Simon Black, Sovereign Man:
I’ll start today with a confession: I’m an unabashed optimist.
I believe that this is one of the most exciting times in all of human history to be alive. And with good reason.
Think about it– compared to thousands of years of violent warfare that ravaged most of the […]
by Justin Spittler, Casey Research:
Wall Street is sitting on a pile of toxic assets…again.
A decade ago, the U.S. housing market was a complete mess.
Housing prices were falling. Americans were falling behind on their mortgages at an alarming rate. Banks were foreclosing on homes left and right.
In 2008, the crisis came […]
With the yield curve flatter than before Trump’s election, and rates collapsing, reform was the last best hope for bank bulls…
by Wolf Richter, Wolf Street:
Last time automakers tried this was in 2009!
In a few days, automakers are going to report their new vehicle deliveries for March. TrueCar, Kelley Blue Book, and LMC Automotive are predicting total vehicle sales slightly above the flat-line compared to March a year ago, though sales were down […]