Goldman Confirms Subprime Responsible For Collapse In Auto Sales

Saturday, March 7, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/07/2015

Goldman confirms precisely what we’ve been saying all along which is that the risks inherent in subprime lending are materializing and at the margin, growth in US auto sales has all been created by lowering credit standards and extending terms to a whole load of ‘new’ auto buyers.

The Rest…HERE

This entry was posted on Saturday, March 7th, 2015 at 2:35 pm and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.

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