I was telling @newageinv how I have been trying to short General Motors for years (without success) and that I might get another chance in the near future.
You see, auto-loan delinquencies are at all-time highs again.
Serious auto-loan delinquencies – loans that are 90 days or more past due – surged to 4.47% of total auto loan balances in Q4 2018, according to New York Fed data this morning. This put the auto-loan delinquency rate at the highest level since Q1 2012 and just 0.6 percentage points below the peak during the Great Recession in Q1 2011.
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