If you're looking for proof that we're already in the midst of a meaningful deleveraging, look no further than car repos. In fact, the industry is a "underappreciated ticking time bomb", according to Barron's.
ORIGINAL LINK
“Those who are able to see beyond the shadows and lies of their culture will never be understood, let alone believed, by the masses.” - Plato
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Wednesday, July 13, 2022
Canary In The Car Mine: Repos From Auto Loans That Originated In 2020 And 2021 Are Skyrocketing
If you're looking for proof that we're already in the midst of a meaningful deleveraging, look no further than car repos. In fact, the industry is a "underappreciated ticking time bomb", according to Barron's.
ORIGINAL LINK