Topic

consumer credit

A collection of 8 issues

Bond Market Stress Declines… For Now

Bank loans are becoming harder to obtain. Meanwhile, credit ratings on corporate bond issuers are improving. The freight train represented by credit tightening is hurtling down the track, but it hasn’t arrived at the station yet.

The Repo Man Is Here

The auto lending bubble is popping as more Americans are unable to pay their car loans. The tightening credit conditions that are weighing on subprime auto borrowers signal danger for the far larger corporate and government debt markets.

“Quantitative Teasing”: Why QE Is Not Back to Save Your Portfolio (Yet)

The reality is that the Fed’s actions could have the near-opposite effect of QE. Instead of easing financial conditions and boosting asset prices, they’ll likely lead to further tightening and hasten the arrival of the impending credit crunch.

A Huge Recession Red Flag Just Popped Up

Every once in a while, a financial panic or deep recession provides the rare chance to buy quality merchandise at fire-sale prices. The time isn't now, but it's coming.

Fake Money and Another Global Epidemic

We don’t know whether the impending global financial “reset” will entail a debt jubilee, aka massive defaults, like Biden’s student loan bonanza. Or maybe we will endure a long period of inflation as debts are slowly worked out in pretend money.

The Goldman Sachs of White Trash

Protect yourself from the THE END OF AMERICA by profiting off of the poor. You will deny you ever owned this business! Is it possible to be “canceled” twice? We’re about to find out. We’re certain parts of this letter will be used – out of context – to condemn us and label us as bigots.

Grab a Bucket: It's About to Rain Gold

The Next Phase of the Bear Market will start with a Subprime Auto Credit Collapse, then a Commodities Crash and finally Consumer Panic. Lucky Lopez buys repo’d cars. He’s a 20-year veteran of the auto industry. As a car dealer and auction buyer, Lopez sits on the frontline

The New “ENRON”

How a Homebuilder Beat All the High-Flying Tech Stocks of the 1990s… Home sales are collapsing… Existing home sales fell 3.4% in May. That’s the fourth straight month of declines. Inventory is growing fast, too. It’s up 1.2 million units, an increase of 12.6% from