loans


The One Trillion Dollar Consumer Auto Loan Bubble Is Beginning To Burst

The One Trillion Dollar Consumer Auto Loan Bubble Is Beginning To Burst

By Michael Snyder Economic Collapse Blog September 7, 2016   The One Trillion Dollar Consumer Auto Loan Bubble Is Beginning To Burst     Do you remember the subprime mortgage meltdown from the last financial crisis?  Well, this time around we are facing a subprime auto loan meltdown.  In recent years, auto lenders have become […]


Why Do Americans Have Such High Incomes and So Little Savings?

By Ryan McMaken Mises Institute August 29, 2016   Why Do Americans Have Such High Incomes and So Little Savings?   Americans have more disposable income than nearly every other country on earth. The few exceptions include a handful of northern Western European states and some small city states like Monaco. Even when accounting for government […]

Why Do Americans Have Such High Incomes and So Little Savings?

Don’t Confuse the Cost of College with the Cost of an Education

Don’t Confuse the Cost of College with the Cost of an Education

By Ryan McMaken Mises.org April 7, 2016   Don’t Confuse the Cost of College with the Cost of an Education   For years, those who face the costs of educating themselves or their children hear a nearly incessant drum beat of how expensive a college education is, and how much debt they’ll likely be taking on. On […]


Mortgage Shenanigans Returning

By Paul-Martin Foss Carl Menger Center March 4, 2016   Mortgage Shenanigans Returning     In another ominous sign of a returning housing bubble, Bank of America is introducing a new mortgage that requires only a three percent down payment. The reason for doing so is to get around Federal Housing Administration (FHA) backing for […]

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The Subprime Auto Loan Meltdown Is Here

By Michael Snyder Economic Collapse Blog February 25, 2016   The Subprime Auto Loan Meltdown Is Here     Uh oh – here we go again.  Do you remember the subprime mortgage meltdown during the last financial crisis?  Well, now a similar thing is happening with auto loans.  The auto industry has been doing better […]


A Run On The Banks Begins In Italy As Italian Banking Stocks Collapse

By Michael Snyder End Of The American Dream January 23, 2016 A Run On The Banks Begins In Italy As Italian Banking Stocks Collapse     The Italian financial meltdown that we have been waiting for has finally arrived. For quite a long time I have been warning my readers to watch Italy, and now […]

A Run On The Banks Begins In Italy As Italian Banking Stocks Collapse

Running Scared

The Oil Crash Of 2016 Has The Big Banks Running Scared

By Michael Snyder Economic Collapse Blog January 19, 2016   The Oil Crash Of 2016 Has The Big Banks Running Scared     Last time around it was subprime mortgages, but this time it is oil that is playing a starring role in a global financial crisis.  Since the start of 2015, 42 North American oil […]


Capitalism At Work ~ Paul Craig Roberts

By Dr. Paul Craig Roberts Paul Craig Roberts.org November 30, 2015   Capitalism At Work   Zero Hedge reports a story from “Keep Talking Greece” that first appeared in The Times http://www.thetimes.co.uk/tto/news/world/europe/article4624755.ece According to the story, the plummeting living standards forced on the Greek people by German chancellor Merkel and the European banks have forced […]

Dr. Paul Craig Roberts

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The Numbers Say That A Major Global Recession Has Already Begun

By Michael Snyder Economic Collapse Blog October 14, 2015   The Numbers Say That A Major Global Recession Has Already Begun     The biggest bank in the western world has just come out and declared that the global economy is “already in a recession”.  According to British banking giant HSBC, global trade is down […]


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‘Why I can’t get a mortgage’ (From economist and pundit Stephen Moore)

By Against Crony Capitalism August 24, 2015   ‘Why I can’t get a mortgage’ (From economist and pundit Stephen Moore)     25% down. “Below average credit”, but which is below average because of $300 in unpaid parking tickets. Additionally Moore is a famous economist who could never walk away from a property. And he […]


The Slow-Motion Financial Suicide of the Roman Empire

By Lawrence W. Reed and Marc Hyden Foundation for Economic Education August 18, 2015   The Slow-Motion Financial Suicide of the Roman Empire The Bailout State Is as Old as Rome   (Image from Shutterstock)   More than 2,000 years before America’s bailouts and entitlement programs, the ancient Romans experimented with similar schemes. The Roman […]

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