U.S. Auto Sales Plunge Dramatically As The Consumer Debt Bubble Continues To Collapse

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U.S. Auto Sales Plunge Dramatically As The Consumer Debt Bubble Continues To Collapse

U.S. Auto Sales Plunge Dramatically As The Consumer Debt Bubble Continues To Collapse - Its not easy to write even a decent article about the economics of our very complicated economy.

Its not easy to write even a decent article about the economics of our very complicated economy. This article takes a look at car loans and the $199 trillion dollar debt bubble that has been built of these subprime car loans. Have you ever wondered why everyone seems to have a new car all the time. Well, that’s what $199 trillion¬†will get you!

The author likens the conditions on these loans and the various issues with them, coupled with across the board shortfalls in car sales, as a sign that things are about to go south in this industry. There is also great information about debt balance in this article. You will be shocked to find out what nearly half of the country spends half of their weekly income on.

U.S. Auto Sales Plunge Dramatically As The Consumer Debt Bubble Continues To Collapse


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