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News Link • Economy - Economics USA

Subprime Chaos: The Auto Bubble's Bursting And The Data Is Worse Than 2008

• zerohedge.com by Adem Tumerkan

Delinquent subprime auto-loans are higher than they were in the last recession.

Look for yourself...

What's interesting – and worrisome – is that consumers are defaulting on subprime auto loans when the economy is reportedly doing 'very well'.

Like I wrote last week – there are cracks under the economy's foundation. And it's like a bucket of cold water in the face of the mainstream financial media that's pushing the 'growth' story.

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