by Andrew Moran | Apr 23, 2020 | Articles, Business News, Economic Affairs News, Politics, Social Issues
The subprime market was always destined to collapse under the weight of defaults, delinquencies, and destitution. Like everything else in the global covidepression, the subprime industry contracted the respiratory illness, and experts are considering transferring this...
by Andrew Moran | May 24, 2018 | Economic Affairs News
The automobile market is booming, as the sector recently experienced its strongest sales in six months. Despite car manufacturers thriving from cheap debt, the auto loan market is in a dangerous place right now, with total debt surpassing $1 trillion this year thanks...
by Teresa J. Read, CPA | Aug 19, 2017 | Economic Affairs News
On Tuesday, the Federal Reserve Bank of New York reported that the total U.S. household debt was $12.84 trillion for the second quarter, a record high and up $552 billion from a year ago. This rise in consumer debt continues to exceed the pre-crisis peak of 2008....