Financial engineering can only do so much.
“Social cohesion is at risk.”
The industry is drunk with its own enthusiasm.
But the oil-price crash was supposed to goose consumer spending.
Wall Street promises a big boost to US GDP. What have these folks been smoking?
Subprime is merciless when it strikes back.
The troubles are adding weeks to deliveries and are causing a ripple of problems throughout the economy.
Drivers benefit from oil war. But what the heck are they doing with their moolah?
The Fed’s wealth effect kicks in: “Mind-blowing” how the luxury market has been “completely on fire.” The rest, well….
It is only a matter of time before the boom in auto junk implodes under the pressure of rising default rates.