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 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…
from GoldSilver (w/ Mike Maloney):
Mike Maloney uncovers the disaster-in-waiting that is the ERISA Act. It’s a law forcing the oldest of the baby boomer generation to start selling stocks today. This is the beginning of a mass exodus from the stock market.
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 […]