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Sub prime auto loans are doing well, simply because no-ones got the money to buy outright

The (good and bad) of it is that new car sales increase, and there’s a lot more on the second hand market three years down the line

It’s a “blip” though – we’re already seeing the market contract over here …..

https://www.ft.com/content/20760daa-840d-11e7-94e2-c5b903247afd
 

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Yep that's my plan. Took a while but I finally found a Quigley 4x4 conversion. Have a rust free body I will be swapping onto the 4x4 frame. The TW will ride along on a hitch carrier. Wanted the 4x4 van so I could actually get down to the river.
 

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I believe subprime auto loans and student loans are a ticking time bomb. There is money to be made but no one knows when the music stops. Global debt is at insane levels and governments are going broke, Greece, Italy, Puerto Rico, and Illinois. Who bales out the governments when their credit default swaps start exploding and trigger margin calls?
 
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