automobile loans

Auto loans are a driver of the expansion, but might be running out of gas

Summary:  Modern history consists to a scary extent of boys with toys. Powerful tools used irresponsibly: Atomic weapons, nuclear power plants, debt, and (God help us, genetic engineering). The decades of the Cold War featured several terrifying close calls with nukes. Now we’re suffering the effects of imprudent debt accumulation, and are likely to for …

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Rising consumer debt driving the recovery: boon or bane?

Summary: Have we learned much from our 2008 brush with another depression? Look at the growth in subprime education and auto loans, and decide. Will we reforge the fetters on lenders forged in the New Deal to prevent events like 2008? Failure to learn is one sin that Nature always punishes. . Contents Borrowing as …

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