Borrowers in the U.S. are defaulting on subprime auto loans at a higher rate than during the financial crisis, according to Fitch Ratings.
Lenders are responding by pulling back on financing to applicants with shaky credit histories and requiring higher standards for loans that they bundle and sell on to investors.
and real inflation stands at 10%
http://www.shadowstats.com/alternate_data/inflation-charts
America is basically a banana republic now
AC