Authored by Lance Roberts via RealInvestmentAdvice.com,
This past week, the lovely, and talented, Danielle DiMartino-Booth and I shared a discussion on the ongoing debate of why “Rates Must Rise.”
Debt drives rates lower....not higher. Debt is deflationary. See chart below and read this: https://t.co/jHAcnuGTit pic.twitter.com/tM2a5BrIiO
In the years after its 2009 bankruptcy, Chrysler looked for a dedicated lender to help customers "finance their cars quickly"...which was code for a lender who could help the struggling OEM expand their market share by making extremely risky loans to subprime borrowers all while laying off the credit risk to unsuspecting pension funds. As such, Chrysler ultimately picked Santander due to its expertise in “automated decisioning”...which was code for the ability to advance credit without actually performing income verification tests on borrowers.
“Bigger Systemic Risk” Now Than 2008 - Bank of England
With diplomatic relations between the US and Iran - a state Donald Trump has repeatedly accused of being a "state sponsor of terrorism" - alrady near rock bottom, on Sunday they took another turn for the worse after a United States citizen accused of "infiltration" in Iran was sentenced to 10 years in prison.
A slight majority of U.S. adults, 53 percent, would say ‘no’ when asked if they were likely or unlikely to hire a woman for a public role who had hair on her face.
You will find more statistics at Statista