Bonds backed by car loans are headed for their first loss since the 1990s as Americans fall behind on payments and dealerships collapse, says Bloomberg News’ Carmen Arroyo. Consumers are burning through pandemic-era savings and hitting a wall with interest costs soaring. In this episode of the Credit Edge Podcast, Bloomberg News senior editor James Crombie also asks Bloomberg Intelligence analyst Paul Vickars about distress at Thames Water, the UK’s biggest water provider. Other companies in the sector are also running into trouble as inflation keeps rising, says Vickars.
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The Credit Edge by Bloomberg Intelligence