Delinquencies – not everywhere, but in credit cards, and particularly in subprime auto loans, where serious delinquencies have reached Lehman Moment proportions.
Best regards,
Delinquencies – not everywhere, but in credit cards, and particularly in subprime auto loans, where serious delinquencies have reached Lehman Moment proportions.
Best regards,
Well. thanks fro sharing. Not surprised at all.
With the FRS keeping SUCH low rates for SO long, it's not a surprise that the next bubble will burst with much bigger circumstances.
This is why you cannot trust current financial system. They'll pump their easy money everywhere until a bust comes.
I agree with you, in my opinion low interest rates will cause the next financial crisis. The search of yield is very dangerous.Thanks @rtxcx.
I'm 100% sure. Once the Fed will have to start increasing the rate in order to control inflation, we will see more defaults on loans, be it auto loans, mortgages or anything else.
That's why I support BTC and gold.