The subprime auto-loan boom that has pushed the entire auto industry – manufacturers, dealers, and finance – to all-time record highs is elegantly unraveling with skyrocketing delinquencies and defaults that have reached levels not seen since the Financial Crisis.
Here is my 8-minute interview on the “The Financial Exchange,” at WRKO Boston with hosts Barry Armstrong and Chuck Zodda. (BTW, the good-looking dude below is Barry, and not yours truly.)
The interview was based on my article, It Starts: Subprime Auto Loans Implode (in Your Bond Fund).
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