There Might Be A Bubble Waiting To Burst In Your Driveway

What a splendid time it is in America. Interest rates are low, Gas prices seem to be staying manageable, and automakers are pumping out new cars that are sleek, fuel efficient and smarter. Before fawning over the sweet ride in your neighbor’s driveway keep in mind that these vehicles are leveraged beyond belief. The U.S. auto debt hit another record high at the end of 2016, according to the New York branch of the Federal Reserve, to a new peak of $1.16 trillion. Yes, that was trillion with a “T, ” and yes, it is starting some talk of the […]

Posted on: 22 March 2017 | 7:54 pm