Jude's Threshold

A Tapestry Blog of Astrology, Politics, and Social Concerns

Debt unleashed again to ravage America: out of control auto lending

Fabius Maximus website

Summary: Let’s look at the small and large implications of the auto loan boom.  It’s an example of our inability to learn, resulting in our credit-driven business cycles. Corporations profit from more sales and interest charges. People suffer from excessive debt burdens, and bankruptcies. Governments run deficits from the eventual busts. So it goes cycle after cycle since the New Deal era regulations were removed. Perhaps eventually we’ll learn, and a new era will begin.

Subprime auto loans

Contents

  1. Auto lending
  2. Larger lessons
  3. For More Information

(1)  Auto Lending

Madness is the failure of bankers and regulators to learn from the bankers’ imprudent greed that caused the housing bubble — and bust. With results we see  today in auto lending.

… average automotive loan term reached an all-time high of 66 months … loans with terms 73-84 months grew to 25% of all loans originated during the quarter. …

The average amount financed…

View original post 755 more words

Advertisements

Written by Jude Cowell

July 2, 2014 at 2:09 pm

Posted in Uncategorized

Princes, Paupers, Pilgrims & Pioneers: Our Predecessors & Me

“There are two lasting bequests we can give our children: One is roots, the other is wings.” Teaching children values and giving them the opportunity to excel are essential to good parenting. However, I feel I must also provide my children (and myself) insight into the ones who came before us: our ancestors whose lives and stories have shaped us into who we are. This is my journey; these are their stories…

setinthepast

Historical novels, films and TV programmes

Shaking the tree

musings on the journey towards knowing and sharing my family's stories

Lost Dudeist Astrology

An Exploration of the Shadow Side of Lost Dudeists Everywhere

All On The Illuminati

For you see, the world is governed by very different personages from what is imagined by those who are not behind the scenes

Moore Genealogy

Fun With Genealogy

Tired and Bored With Myself

Another option for wasting time

The Bone Dresser

...or, Adventures in Genealogy

Mary's Monday Matinee

Discovering the joy of film

Blogala Maho

RANDOM COMMENTARY ON ALL THINGS

Chips Off the Old Block

A blog devoted to genealogical wanderings - dedicated to family near and far, through distance and time

Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Blog Blogger Bloggest

Strange thoughts, random mutterings

Libra Seeking Balance

Running from one end of the see saw to the other

The Family Kalamazoo

A genealogical site devoted to the history of the DeKorn and Zuidweg families of Kalamazoo and the Mulder family of Caledonia

mogromo

delving for answers, prospecting perspectives, unearthing insights.

%d bloggers like this: