Tag Archives: used cars

The subprime mortgage crisis

The subprime mortgage crisis started in 2007/8. By 2011 the crisis had spread and was reverberating around the world, the biggest bust since the Wall Street crash of 1929. Almost immediately, the UK followed the USA over the lemming cliff. (Google images … Continue reading

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Rising Subprime Delinquency in Autoland

Originally published in http://davidstockmanscontracorner.com/here-they-go-again-subprime-delinquencies-rising-on-the-dealer-lots/ Subprime mortgage default caused the recent subprime mortgage crisis in 2007-2009. Subprime mortgages have not gone away, they have both increased and spread to other areas of the economy in addition to housing. There is already concern … Continue reading

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