dinsdag 6 juni 2017

Phoenix Capital; The Subprime 2.0 Bubble Is About To Burst

As we’ve been outlining for weeks now, Subprime 2.0 is the subprime auto-loan industry. And just as the collapse in the subprime mortgage lending was what signaled the beginning of the housing crisis, trouble in the subprime auto-loan industry will be what signals that the next Debt Crisis is here. On that note, subprime auto-loan defaults are soaring, hitting 11.96%. The last time they were anywhere near these levels was in early 2008 right before the credit crisis hit...


Even worse, the subprime auto-loan industry is just the tip of the iceberg for our current debt bubble. All told the world has added $57 TRILLION in debt since 2008, bringing the total debt in the world to $217 TRILLION. That’s means that globally the world is sporting a Debt to GDP of 325%. And when this Debt Crisis begins, Central Banks will be powerless to stop it as they’ve already used up most of their ammunition during the 2008 Crisis...

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