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Volatility Hits Main Street (EP.265)
Animal Spirits Podcast
Caripos Are Exploding - What's Going On?
Sub prime repos have nearly doubled since 20 20, to around 11 % on average. The bigger red flag is in prime repos, meaning people with good credit on what the line is,. Usually about two% of prime loans end up repossessed. Now it's four%. Banks were giving auto loans with an l t v of around when forty, are now getting around 70 at auction.
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