What Happens When the Auto-Loan Boom Blows Up
Autos impact various parts of the economy in a big way.
by Larry Kummer
WolfStreet.com
December 6, 2015
One theory of the bulls – who don’t see a recession in the future – is that the slow recovery since 2008 means that there are few imbalances in the big sectors of the US economy whose busts could cause recessions. The idea is that they haven’t been inflated to risky levels.
That is not correct. Here we look at one: automobile sales. They’ve been booming, and loans associated with them have been soaring:
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