Rising first-payment defaults and 60-day delinquencies, which are “leading indicators,” caused the retailer to become “prudent.” Shares plunged 33%.
And a special word on apparel sales, as a sign of our times.
An arcane device that impacts so much and papers over the struggles many Americans face in a world that’s becoming increasingly unaffordable for them
These are the good times, but why are subprime credit cards, auto loans, and short-term installment loans blowing out?
The fear that today’s negative or low interest rates render central banks helpless in face of the next economic crisis.
It is ironic the Fed puts out this data, as if to show off its success, and how every time the wealth of the 1% is threatened, the Fed comes up with new bailouts, rate cuts, and other shenanigans.
Paying the University-Corporate-Financial Complex and the big bifurcation.
Santander Consumer USA is on the forefront of souring subprime-auto-loan backed securities.
“Dynamic Pricing” Online: Are Prices on Black Friday Actually Good Deals?
Like a centrally directed disinformation campaign. Here’s what happened.