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One Chart Proves Auto SAAR Numbers Are Nothing More Than A Rigged, Debt-Fueled Farce

Earlier this morning the New York Federal Reserve released their quarterly consumer credit report which detailed, among other things, delinquencies rates on every type of consumer debt from mortgages to student loans.   Now, given the 4.3% unemployment rate in the U.S. (forget the ~95 million people out of the labor force for a moment) and […]


The Fed Issues A Warning As Household Debt Hits New All Time High

After we first reported last week that US credit card debt hit a new all time high with both student and auto loans rising to fresh records with every new report… … it won’t come as a surprise that according to the just released latest quarterly household debt and credit report by the NY Fed, […]