Is The “Deplorable Economy” Flashing Warning Signs About Overall Economic Growth Prospects?

For months we’ve been warning that soaring auto sales represent nothing more than the latest bubble created courtesy of low interest rates, deteriorating lending standards in the form of stretched maturities and weaker credit profiles, and an insatiable demand for auto securitizations from yield-thirsty pension funds which wall street is happily trying to meet (see here, here and here).
Of course, with subprime auto ABS issuance soaring past 2006 levels last year…

This post was published at Zero Hedge on Dec 27, 2016.