Why are Bankers Panicking Over Brexit

Why are Bankers Panicking Over Brexit

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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