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| The Pub For General Automotive Related Talk |
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17-05-2018, 09:29 AM
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FF.Com.Au Hardcore
Join Date: Sep 2014
Location: Catland
Posts: 3,766
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https://palisade-research.com/subprime-chaos/
Good article that mentions US used car prices falling, subprime auto loans in record default levels. Mentions a bit of Austrian economics - if you pump cheap credit and then take away access to said cheap credit, things will end in tears.
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I6 + AWD |
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17-05-2018, 10:29 AM
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FF.Com.Au Hardcore
Join Date: Sep 2005
Posts: 1,380
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What do you expect when lenders give out money without having to verify if borrowers can actually afford the repayments. It's a recipe for disaster...
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17-05-2018, 10:45 AM
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Au Falcon = Mr Reliable
Join Date: Sep 2009
Location: North West Slopes & Plains NSW
Posts: 4,076
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Good eye opening read, a big bubble bath (financial crash) is perhaps on the horizon or is the link fake news to some lol?
cheers, Maka
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Ford AU Series Magazine Scans Here - www.fordforums.com.au/photos/index.php?cat=2792 Proud owner of a optioned keeper S1 Tickford Falcon AU XR6 VCT - "it's actually a better-balanced car than the XR8, goes almost as hard and uses about two-thirds of the fuel" (Drive.com 2007) |
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17-05-2018, 12:05 PM
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FF.Com.Au Hardcore
Join Date: May 2010
Posts: 571
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Just like the Pondsy Loans, that lead to the GFC.
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17-05-2018, 12:08 PM
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FF.Com.Au Hardcore
Join Date: Feb 2008
Location: WA
Posts: 3,705
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Ponzi.
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www.bseries.com.au/mercurybullet 2016 Falcon XR8. Powered by the legend that is - David Winter. XC Cobra #181. 1985 Mack Superliner, CAT 3408, 24 speed Allison. |
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Us subprime auto loans looking shaky
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