Of course to let the media tell it, February’s disastrous numbers were due to weather (snow in the winter) In the auto loan market both delinquencies and the total amount of outstanding consumer debt continue to rise . With the total debt now breaching $ 1 Trillion and CNBC causing a stir last week when it dedicated airtime to suggesting people take out a seven year auto loan we are increasingly reading about the subprime mortgage bubble peaking . Last week Goldman added its voice to the concerns saying that the risking inherent in the subprime market are materializing and that at the margin , growth has been created by raising credit standard and extending terms to a whole load of “ new ” auto buyers . Zero Hedge 5-Mar-15Talk Markets 8-Mar-15
In the auto loan market both delinquencies and the total amount of outstanding consumer debt continue to rise . With the total debt now breaching $ 1 Trillion and CNBC causing a stir last week when it dedicated airtime to suggesting people take out a seven year auto loan we are increasingly reading about the subprime mortgage bubble peaking . Last week Goldman added its voice to the concerns saying that the risking inherent in the subprime market are materializing and that at the margin , growth has been created by raising credit standard and extending terms to a whole load of “ new ” auto buyers . Zero Hedge 5-Mar-15Talk Markets 8-Mar-15