Business

The story of the Car Loan subprime lending epidemic is nothing new (one of many, student loans etc). Zerohedge has been writing about it for years, with the financial MSM catching on not too long ago. Even John Oliver had a segment about it on his popular show, Last Week Tonight. The new subprime lending epidemic, in the $1.1 Trillion market, which the experts tell us is contianed and won't have the same effect as in the previous crisis, is where all it takes to buy a car at a dealership is the ability to fog a mirror.

By EconMatters

We discuss the Stock Market Bubble is this video and provide some metrics to help the Federal Reserves Members spot the Bubble, since they seem to be having difficulty spotting the Bubble Market. The Fed should call an emergency meeting tomorrow, and hike rates the 50 basis points they were supposed to do last year, but passed on.

Excerpted from John Hussman's Weekly Market Comment,

“No Congress of the United States ever assembled, on surveying the State of the Union, has met with a more pleasant prospect than that which appears at the present time.”- Calvin Coolidge, December 4, 1928

 

Offering up the most definitive evidence yet that global markets are in the midst of an epic bubble, particularly the tech market with its multi-billion dollar valuations being handed out to every 20-year-old millennial with moderate programming skills and a dream of snapping selfies that automatically transpose ones face with that of a lemur, Jay Z (a.k.a. Shawn Carter) has decided to launch his own venture capital fund.

Per Axios, Jay Z will be partnering with Sherpa Capital and will focus on "seed-stage" tech investments.