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Daily Archives: August 20, 2014
Auto financing: the madness of robbing future demand for current consumption
The subprime lending madness that led to the bursting of the US housing bubble in 2006 has spread through auto loans ever since. Once lending and leasing rates were cut to zero, and wage increases remained flat, dealers turned to … Continue reading
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Jim Chanos in conversation
Chanos speaks in length on his long career as a short-seller. [Warning: short-selling is very high risk, and not a recommended strategy for most people.] Here is a direct audio link to the Bloomberg business segment. The interview offers interesting … Continue reading
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Six years making back losses. Now what’s the plan?!
If you haven’t seen this excellent Frontline report (originally released in April 2013), there was an encore presentation of it this week. Critical issues for financial market participants to comprehend. Retirement is big business in America, but is the system … Continue reading
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