Nov 14, 2019
First we look at auto loans and the fact that 33% of loans have negative equity at trade in This number is abnormally high. We also see a major portion or surprise borrowers are deep underwater due to lower quality vehicles and too much negative equity to get a decent loan. Next we look at the Feds statements on the US economy. Jerome powell brought up the fact that the US debt is on an Unsustainable path and needs to be addressed immediately. He stated His belief is that nothing will hinder the expansion at this point and at the same time Unsustainable?
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