Thread regarding Advance Auto Parts Inc. layoffs

Subprime 60 Day Late Worse than 2008-09

If the economy is "Booming!" why are more people defaulting on their car loans than at the worst of the recession?

Hint: Because the economy is not booming, despite what the talking head on TV says. A credit bubble is not an economy, and now it's bursting big time.

https://www.zerohedge.com/sites/default/files/inline-images/1-2.png?itok=_hIXXUXh

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Post ID: @OP+Tc1naVH

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Old news. You posted this many months ago and you were wrong then too.

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Post ID: @9xqi+Tc1naVH

You mean, people defaulting, whom never should have never received a loan in the first place? Yeah, they always default.

source: Former Underwriter for a bank.

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Post ID: @1tbu+Tc1naVH

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