Editor: Vladimir Bajic | Tactical Investor
The following article makes for a compelling read and so I thought I would highlight an excerpt of this article before getting to the story at hand:
” Greed and recklessness continue to govern the markets; nothing was learned from the 2008 financial crisis. Hence, history is destined to repeat itself and this might occur a lot faster than most anticipate. Fitch states that Subprime Auto bond delinquencies are at a 20 year high.
The number of individuals who are more than 60 days late on their auto payments surged 11.6% year over year; this brings the current delinquency rate to 5.16%. During the financial crisis of 2008, the delinquency rate peaked off at 5.04% according to fitch. “ Next subprime Crisis: Auto Bond delinquencies
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