Car Loans Are NOT Being Paid! Once In A Century Global Economy Systemic Failure

Do you see the unpaid loans as a problem that will expand as I talk about here?

Car bills aren’t being paid. Rent isn’t either. Mortgage payments are piling up. And everything is getting worse. The vast majority of people are simply waiting for a time to return to normal. The issue is that in a couple months time, the new normal won’t be like the old normal. There’s trouble ahead.

 

Subprime Car Buyers Skip Loan Payments in Sign of Trouble Ahead – Bloomberg

www.bloomberg.com/news/articles/2020-04-20/subprime-car-buyers-skip-loan-payments-in-sign-of-trouble-ahead?srnd=markets-vp&sref=Fbhig0fX

Canadian Credit Card, Auto ABS Outlooks Revised to Negative due to Coronavirus Impact

www.fitchratings.com/research/structured-finance/canadian-credit-card-auto-abs-outlooks-revised-to-negative-due-to-coronavirus-impact-16-04-2020

Coronavirus Accelerates J.C. Penney’s Long March Toward Bankruptcy – WSJ.com

www.wsj.com/livecoverage/coronavirus-2020-04-24/card/Wgd0XPkQVTgGJeAVRxqT

Small business loans: Public companies took $855 million

www.cnbc.com/2020/04/26/small-business-loans-public-companies-took-855-million.html

Coronavirus economic damage hitting the lowest level of wage earners

www.cnbc.com/2020/04/26/coronavirus-economic-damage-hitting-the-lowest-level-of-wage-earners.html

How Fed Intervention Saved Carnival – WSJ

www.wsj.com/articles/how-fed-intervention-saved-carnival-11587920400

Coronavirus Economy: The Fed Should Go Negative Next Week – Bloomberg

www.bloomberg.com/opinion/articles/2020-04-24/coronavirus-economy-the-fed-should-go-negative-next-week

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www.zerohedge.com/s3/files/inline-images/median%20S%26P%20stock.jpg?itok=7Hrn2Ore

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www.zerohedge.com/s3/files/inline-images/market%20breadth%20april%2026.jpg?itok=LHtAFRGp

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www.zerohedge.com/s3/files/inline-images/market%20cap%20concentration%20highest%20ever.jpg?itok=z9eovpWt

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www.zerohedge.com/s3/files/inline-images/today%20compared%20with%201929.jpg?itok=LDZVn5r9

‘QE4ever’ to drive stocks to new records post-coronavirus: Ed Yardeni

www.cnbc.com/2020/04/26/qe4ever-to-drive-stocks-to-new-records-post-coronavirus-ed-yardeni.html