Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)
POSTED ON April 23, 2018  - POSTED IN Key Gold Headlines

Can the auto industry survive in a high interest rate environment? We’re about to find out.

Earlier this month, we reported that the air has started to come out of the subprime auto bubble. Nevertheless, Americans are still buying cars. Last week, we got a Commerce Department report that consumer spending was up thanks in large part to the strongest auto sales in six months. But there is a dark lining in this silver cloud and the long-term prospects for the auto industry could be dimming.

Why?

POSTED ON April 9, 2018  - POSTED IN Key Gold Headlines

It looks like the subprime auto loan bubble has popped.

Last year, we reported that the auto industry’s check engine light was on. Now it looks like the thing is totally breaking down. Small subprime auto lenders are starting to go belly-up due to increasing losses and defaults. As ZeroHedge noted, “we all know what comes next: the larger companies go bust, inciting real capitulation.”

Call Now