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How does this have anything to do with anything that could be on topic for HN?
by mdszy 7y ago
How does this have anything to do with anything that could be on topic for HN?
- protonimitate 7y agoIt doesn't, but WSJ and NYT get pushed to the top regardless of relevance.
- phil_folrida 7y agoBecause it might signal the beginning of a crisis, it signals that car are treated a lot like house were in the last financial crisis, under water means negative equity. Lenders are willing to make the underwater loans, often charge with high interest rates. Many of the loans are bundled into bonds and snapped up by Wall Street investors therefore having supposedly a broader effect.
- notlukesky 7y agoAn impending loan crisis could be the canary in the coal mine for the whole tech “bubble” blowing up. Sequioa shared the “Rest in Peace Good Times” presentation in 2008 with their portfolio companies: https://www.sequoiacap.com/article/rip-good-times https://www.sequoiacap.com/article/rip-good-times
- latchkey 7y agoRelated from Feb: https://www.washingtonpost.com/business/2019/02/12/record-million-americans-are-months-behind-their-car-payments-red-flag-economy/ https://www.washingtonpost.com/business/2019/02/12/record-mi...