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Honda Accord

Frontrunning: July 11

  • Trump Looks to Wall Street for Fed Bank Regulator (WSJ)
  • Rates play prods dollar to four-month high versus yen, kiwi dollar falls (Reuters)
  • Kaspersky Lab Has Been Working With Russian Intelligence (BBG)
  • Buffett’s Berkshire Moves Away From Stock Picking (WSJ)
  • OPEC's Barkindo says all producers should help balance market (Reuters)
  • China hits back at criticism over North Korea (Reuters)
  • North Korea’s Missile Might Not Survive Reentry, South Says (WSJ)
  • Trump's election panel puts hold on voter data request (Reuters)

Auto Loan Bubble Bursting, And Lenders Know Where Your Car Is At All Times

Auto Loan Bubble Bursting, And Lenders Know Where Your Car Is At All Times

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.

‘Bacon Is My Beatrice’

‘Bacon Is My Beatrice’

Teaching the Divine Comedy to his students at Petra Academy in Bozeman, MT, Sam Koenen was trying to convey how the pilgrim Dante sees Beatrice sacramentally. Struggling for a way to explain to them how sacramentalism works, he drew on the Jim Gaffigan routine about bacon (“the most beautiful thing on earth”). This:

The pig is an amazing animal. You feed it an apple, it makes bacon. The pig is turning an apple, essentially garbage, into bacon. That’s magic…!