What It Looks Like When The Second Auto Subprime Bubble Pops

Jon Alternative Media, Banking, Blogosphere

A month ago, when we commented on the most recent surge in US manufacturing production, when it jumped by 0.7% offsetting a tumble in utilities and mining output and leading to a 0.4% jump in overall Industrial Production (since revised to only 0.2%), we observed that this was entirely due to the second, and more nuanced, coming of the cash for clunkers bubble, as the explosion in subprime loans pushed production of Motor Vehciles and Parts to the highest since 2009′s disastrous CARS, aka Cash for Clunkers, program.
This is what the latest subprime bubble looked like a month ago when translated in terms of actual car manufacturing:

This post was published at Zero Hedge on 09/15/2014.