This Really Is The Everything Bubble: Even Subprime Mortgage Bonds Are Back
by John Rubino Record student loan balances? Check. Trillion dollar credit card debt? Check. Six tech stocks dominating the Nasdaq? Check. Subprime auto loans at record levels? Check. All that’s missing is subprime mortgages and we’d have every bubble base covered. Oh wait, those are back too, just under a different name: Subprime mortgages make … Read more