WallStForMainSt: Bear Market/Recession Signal: US & Global Auto Sales In Giant Nosedive For Over 12 Months Now!
A lot of bad news for months now with respect to auto sales in the US and all over the globe as well as record subprime auto loan defaults and massive piling up of used car inventories. Back in February 2019, the NY Fed put out a research report that the auto-loan delinquency rate was at highest level since 2012 and that the number of auto loans that are at least 90 days late surpassed 7M at the end of last year, the highest amount in the 19 years that the NY Fed has been keeping track of this data! https://seekingalpha.com/news/3432369-auto-loan-delinquency-rate-highest-level-since-2012-ny-fed And things have gotten worse since February! The global auto sales in China, India and the US have continued to fall rapidly. Articles About the US Auto Sales Continuing To Fall & Worse Problems In the Subprime Auto Loan Market: 1) "The Collapse Is Here": Initial U.S. Auto Sales For September Paints An Ugly Picture https://www.zerohedge.com/news/2019-10-02/collapse-here-initial-us-auto-sales-september-paint-ugly-picture 2) Subprime Auto Loans Are Defaulting At Fastest Rate Since 2008 https://www.zerohedge.com/personal-finance/santanders-subprime-auto-loans-defaulting-fastest-rate-2008 3) Used-Car Price Tumble Spells Trouble for the U.S. Auto Market https://www.bloomberg.com/amp/news/articles/2019-10-10/used-car-price-tumble-spells-trouble-for-the-u-s-auto-market 4) Rising old used car prices help push poor Americans over the edge https://mobile.reuters.com/article/amp/idUSKBN1WQ1AP 5) Tesla Discloses US Revenues Collapsed 39%. Americans Sour on its Cars, Pent-Up Demand Exhausted https://wolfstreet.com/2019/10/29/tesla-discloses-us-revenues-collapsed-39-americans-sour-on-its-cars-pent-up-demand-exhausted 6) India Auto Sales Take Record Fall in 10th Straight Month of Declines https://www.bloomberg.com/news/articles/2019-09-09/india-auto-sales-fall-for-10th-straight-month-as-slump-deepens Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 64 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: firstname.lastname@example.org **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**
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