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.