Student Loan & Sub-Prime Auto Debt Continue to Balloon
Today on The Bubba Show, Bubba talks about the importance of education and understanding markets, while making the call for the top of this market. Bubba shares his Monday Night Strategy Call with listeners where he breaks down all of the markets and what to expect. Bubba shows market charts and highlights gold and oil, telling everyone he expects oil to go lower, while gold could break out to the upside.
The debt structure in this country is leading to a disaster, student loan and subprime auto debt is bigger than the housing crises. This time around, the debt is made worse because of the assets that back the debt. At least in 2008 they had hard assets as collateral, versus now we have student loans which have no value along with depreciating automobiles.