Auto Loans Will Be The Next Financial Crisis
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00:00 – Intro
What’s up, you guys! In today’s video, I will explain why auto loans will be the next financial crisis in the United States.
01:04 – People Had More Money in 2020
https://www.clevelandfed.org/publications/economic-commentary/2021/ec-202116-durable-goods-spending-during-covid19-pandemic
03:54 – Auto Debt Data
https://www.visualcapitalist.com/the-growing-auto-loan-problem-facing-young-americans/
04:51 – The Banks
https://www.experian.com/content/dam/noindex/na/us/automotive/finance-trends/2022/q4-2022-experian-auto-finance-trends.pdf
07:30 – Asset-Backed Securities
https://www.spglobal.com/ratings/en/research/articles/230313-u-s-auto-loan-abs-tracker-january-2023-performance-12666696
10:57 – Investors are Backing Out
https://www.bloomberg.com/news/articles/2023-03-15/santander-halts-942-million-subprime-auto-abs-sale-amid-turmoil
https://www.bloomberg.com/news/articles/2022-05-13/bonds-backed-by-car-loans-are-selling-at-fastest-pace-in-years
12:13 – Conclusion
13:35 – Closing
I hope you guys enjoyed this video; make sure to hit the like, subscribe, and the notification bell, and I will see you guys in the next video.
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I am not a CPA, attorney, lender, or financial advisor. The content in these videos should not be construed as tax, legal, or financial advice…etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Aubrey may have an ownership interest in them – Please do not make buying or selling decisions based on Aubrey’s videos. If you need advice, please contact a qualified professional.
#Debt #Crash #Crisis
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