"We NEED A Recession!" Says Wolf Richter, Though He Doesn't See One Happening Soon
Thoughtful Money with Adam Taggart
Delinquency Rates in the Subprime Sector
In this chapter, they discuss delinquency rates in the subprime sector of auto loans and credit cards. They mention that delinquencies were low during the pandemic but have now returned to pre-pandemic levels. The subprime market is described as high risk but profitable, with specialized lenders charging high amounts of interest. They also mention that some subprime-focused dealers owned by private equity firms have faced financial troubles.
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