Friday , 1 November 2024

Lorimer Wilson

Resurgence of Subprime Auto Debt Spells T-R-O-U-B-L-E

During the credit crisis, one of the problems that occurred was that too many loans were being made to people that had no ability of paying their debt back. We see this trend in full stride once again in the auto industry. Subprime auto lending is back in a big way. Why is this happening? What are its repercussions? This article explains.

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No Recession Until These 6 Indicators Are Triggered (+2K Views)

Despite a long list of major risks to the global economy, the trend for the stock market is still UP until proven otherwise. At this stage it is absolutely critical to be cautious and watch for signs of a market correction or peak, but it is our view that a recession won't take hold until the following 6 key indicators are triggered.

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Noonan: Nothing Much New In Gold & Silver Charts – Take a Look

The market has not changed materially over the past many weeks/months and, as long as the market has not changed, expectations that the price of gold and silver should not change, either. Expectations are future hopes/plans that may or may not ever be realized. Present market conditions are the reality of what is, without getting into the mental gymnastics about the degree of reality reflected in the charts. Market activity trumps everything, and one works with that reality or risks substantial loss by favoring opinion/hopes/expectations. Below is what the charts are saying today.

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The Tip You Left On the Table: Supplementing Minimum Wages or Subsidizing Poor Ones?

The average American eats 5 meals per week in a restaurant but many of those who do don’t understand what’s behind the tip they left on the table. All those tips don’t go to your server as a way of saying ‘thanks’. Many actually go to the employer so that they can pay their servers far less than minimum wage. The infographic below takes a closer look at your tip to figure out if it’s supplementing minimum wages or subsidizing poor ones.

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