Podcasts about subprime

What's happening to bonds in US and global as interest rates surge to 2007 and 2023 levels precipitating financial crash events? Bond markets way bigger and more important than stock markets. Iran war re-escalation expectations by investors, with more inflation and Federal Reserve expected to start raising interest rates again. Consequences for stocks, especially AI bubble. What's impact of Trump's just preventing all controls on AI negative impacts on jobs, autonomous weapons development, political system legitimacy (and his family's AI investments?). Trump's IRS deal. Cuba next regime change before US elections.

Shoot us a Text.Episode #1348: Today we cover Tesla raising Model Y prices for the first time in years, lenders diving deeper into subprime auto financing, and why automotive advertising is quietly losing market share.Show Notes with links:Tesla just bumped prices on several higher-trim Model Y variants for the first time in two years, signaling confidence that EV demand may be heating back up. Meanwhile, Wall Street is still trying to decide if the stock is charging ahead or stuck in traffic.Tesla raised prices by $1,000 on the Model Y Premium RWD and AWD trims, while the Performance trim climbed by $500.Entry-level Model Y versions remain unchanged, suggesting Tesla is protecting affordability while testing premium demand elasticity.Analysts point to rising gas prices and battery material costs as possible drivers behind the move.Despite the pricing confidence, TSLA stock slid over 4% Friday and dipped again Monday as investors weigh slowing momentum and new technical buy points.Auto lenders are diving deeper into subprime financing as affordability pressures push buyers back into the market and lenders get more aggressive chasing deals. The result? More approvals, higher payments, and longer loan terms.Subprime and deep subprime borrowers made up 15.4% of all auto loans and leases in Q4, the highest share since 2021.Average interest rates are eye-popping: 13.2% for subprime new-car loans and nearly 22% for deep subprime used-car loans.Dealers say lenders are “digging a little deeper” rather than dramatically lowering standards, helped by better data and digital document verification.Experian's Melinda Zabritski summed it up saying, “As affordability remains top of mind, both lenders and consumers are adapting.”For decades, automotive advertising practically was the ad industry. But now, shrinking OEM budgets, EV uncertainty, and Tesla-style marketing strategies are changing the game and auto's share of ad spend is slipping below a historic benchmark.Automotive advertising is projected to fall below 10% of total ad category spend for the first time ever tracked by Guideline.The category shrank roughly 7% in 2025, with spending pressure continuing into 2026.Analysts point to weaker EV momentum and automakers scaling back electric initiatives as major contributors.Newer brands are ditching traditional “big splash” campaigns in favor of leaner marketing approaches, following Tesla's no-advertising playbook.Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast  as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Pius Sprenger has a PhD in mathematics and spent twenty-five years on Wall Street. He was hired to Deutsche Bank in 2004 and ended up on Greg Lippmann's derivatives desk — the desk Ryan Gosling's character runs in The Big Short. In February 2007 he co-built the ABX index with Goldman Sachs and Bear Stearns. He held his short position for nearly three years while senior management told him he was wrong. He was right. He left Wall Street in 2020. Today he is a founding member of the Scientific Bitcoin Institute alongside Giovanni Santostasi and Steven Perino — peer-reviewed researchers applying the power law to Bitcoin's growth. Their math says $1M per Bitcoin in 8–9 years. $7–8M in 17 years. Falsifiable. Scientific. Not a guess. And he is sounding the alarm again. Wall Street is now packaging Bitcoin into structured products the way it packaged subprime in 2007. Pius has seen this movie. He has the receipts. If you've heard "$1M Bitcoin" and dismissed it as hyperbole — this is the conversation to send to whoever you're trying to convince. We discuss: The Bitcoin Power Law explained — adoption to the power of 3, network value to the power of 2 — and why the math gives you $1M in 8–9 years What it actually felt like to short subprime from inside Deutsche Bank for three years while conference rooms full of PhDs laughed him out The pattern Pius sees in Wall Street's Bitcoin entry — Strategy, STRC, the ETFs — and what negative price convexity means for the paper market One week in East Germany in 1985 — the Stasi, the whispering — and what a former Deutsche Bank trader recognizes in Western banking surveillance today Subscribe so you never miss an episode. ━━━━━━━━━━━━━

The fundamentals of our economy are… present. Welcome to Remember Shuffle's ongoing multi-part series on the financial crisis of 2008 and the ensuing Great Recession. The Shuffle Bois begin with some table setting to explain  the complex financial instruments and deregulation that led to the crisis - mortgage backed securities, collateralized debt obligations, credit default swaps, and synthetic collateralized debt obligations - and introducing the rogues gallery of characters for this story. They then go beat-by-beat through the collapsing economy of 2008 and trace the decisions that were made by those running the banks as well as by those in power. They close, as always, with some themes and big ideas - including the separation of risk from incentive and the failures of neoliberal deregulation - before turning to the echoes in the culture, which are profound for this topic.Check out our website to search for episodes at: remembershuffle.comGive Remember Shuffle a follow on Twitter⁠⁠⁠⁠⁠ And on Instagram⁠⁠⁠⁠ ⁠@RememberShufflePod⁠⁠⁠⁠⁠ to interact with the show between episodes. It also makes it easier to book guests. And be sure to check out our Patreon!Bibliography:Andrew Ross Sorking, Too Big to Fail (New York: Viking), 2009Bethany McLean and Joseph Nocera, All the Devils are Here (New York: Penguin), 2011George W Bush, Decision Points (New York: Crown Publishers), 2010Michael Lewis, The Big Short (San Francisco: Hyperink), 2012Adam Tooze , Crashed: How a Decade of Financial Crises Changed the World, 2018Here is the chart Ben describes in the episode:https://en.wikipedia.org/wiki/Subprime_mortgage_crisis#/media/File:Subprime_crisis_-_Foreclosures_&_Bank_Instability.png

Shoot us a Text.Episode #1321: Sedans eye a comeback as affordability bites, tax refunds rise but don't fully convert to sales, and a $2K stripped Tesla proves EV durability in the wildest way possible.Show Notes with links:https://www.autonews.com/manufacturing/automakers/an-general-motors-sedan-strategy-0419/#After years of getting crowded out by crossovers, sedans are quietly making a return. Rising prices, shifting regulations, and a hunger for something different have automakers reconsidering the segment many left for dead.Automakers like GM, Stellantis, and Infiniti are exploring new sedan entries, some targeting sub-$30K price points to win back budget-conscious buyers.Sedans are gaining traction again, with Camry, Accord, and K5 posting double-digit sales increases while some crossovers lose share.With average vehicle prices over $50K, sedans offer a more affordable alternative and fill an underserved gap in the market.Design fatigue is real—executives say SUVs are getting “boring,” while sedans offer more room for style and brand differentiation.“There's opportunity for sedans to nibble into utility vehicles,” said S&P's Stephanie Brinley.https://news.dealershipguy.com/p/https-news-dealershipguy-com-p-first-tax-season-under-one-big-beautiful-bill-ends-refunds-up-11The first tax season under the “One Big Beautiful Bill” brought bigger refunds—but not a clean win for dealers. Higher cash in pockets met higher costs at the pump and on loans, creating a mixed bag on showroom floors.Average refunds jumped 11% to $3,462, with total payouts up 14.5%, boosted by new deductions, credits, and no tax on tips or overtime.Dealers saw uneven results—some stores surged, others lagged—as gas prices topped $4 and interest rates stayed elevated.Used market demand leaned toward “near-new” value buys, as shoppers stretched dollars against $50K new-vehicle pricing.Subprime activity ticked up, but down payments shrank, signaling affordability pressure despite larger refunds.“If the war ends…we could see a monster Q4 in '26,” said Potamkin CEO Cole Potamkin.https://electrek.co/2026/04/18/youtuber-buys-stripped-tesla-model-3-go-kart-2000-212-miles-range/YouTuber, Remmy Evans, bought a completely stripped Tesla Model 3 for $2,000—and drove it like a go-kart. Somehow, the battery and motors didn't get the memo.The car had no body panels, windshield, or seatbelts—just the core EV components—and still showed 212 miles of range.Despite 78 error codes and missing safety systems, it was driven on public roads, drifted, off-roaded, and even jumped.Charging proved tricky, with hacked adapters and slow Level 2 charging due to software limitations.Tesla's software may eventually restrict functionality as it detects missing components, highlighting challenges for rebuilders.The big takeaway: EV drivetrains are incredibly durable—even when everything else is gone.Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast  as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

This week, we examine rising strains in subprime credit, an end of quarter market rally that may say more about flows than fundamentals, and a deteriorating situation in the Middle East, along with our normal overview of macroeconomic releases. Delinquencies in subprime debt have climbed to their highest level in over a decade. Yet the system is not as exposed as it once was. Subprime balances now account for roughly half the share of total debt seen before the Global Financial Crisis, suggesting a more contained, though still notable, pocket of stress. Equity markets, meanwhile, finished the quarter with surprising strength on March 31. The move looked less like a reassessment of economic prospects and more like the mechanical force of pension rebalancing at quarter end. In other words, flows rather than fundamentals. Geopolitics adds another layer of uncertainty. Tensions in the Middle East continue to escalate, with the potential to reverberate through energy markets and inflation expectations at an already fragile moment for the global economy. As a note, this episode was recorded on April 1 and does not include the employment report released on April 3. We will return to that data, and its implications, in our next discussion.

New York Times' bestselling author Larry McDonald, founder of The Bear Traps Report, returns to The Julia La Roche Show for an in-person episode discussing the risks in the markets today. McDonald makes the case that private credit is this cycle's subprime — opaque, over-leveraged, and already cracking — and warns that the retail investors who were sold quarterly liquidity on an inherently illiquid asset class are about to find out the hard way. He also breaks down why stagflation is the defining macro theme of 2026, why the 60/40 portfolio is broken, and why the great migration out of financial assets and into hard assets — energy, copper, gold, and commodities — is only in the second or third inning. Plus: a surprising first-ever Bitcoin buy, why natural gas is his top multi-year trade, and the under-the-radar risk nobody is talking about.Links: How To Listen When Markets Speak: https://www.amazon.com/Listen-When-Markets-Speak-Opportunities-ebook/dp/B0C4DFVFNR Colossal Failure of Common Sense: https://www.amazon.com/Colossal-Failure-Common-Sense-Collapse/dp/B002IFLWMKTwitter/X: https://twitter.com/Convertbond Bear Traps Report: https://www.thebeartrapsreport.com/0:00 Intro: Welcome back Larry McDonald, founder of The Bear Traps Report & author of "How to Listen When Markets Speak" 1:21 Private credit: is this cycle's subprime already here?7:30 The Trump off ramp: 2025 vs. 2026 and what's different this time9:43 Stagflation: sticky energy prices, slowing growth, and the TACO trade13:14 The Fed's next move — hike or cut? 15:30 The great migration: from financial assets to hard assets16:58 Mag7 double-digit drawdowns and the rotation playing out now19:36 Is there a relationship between energy costs and the private credit crisis?22:41 Gold, silver and precious metals — tourists flushed out, time to buy26:13 First ever Bitcoin buy — the gold-to-Bitcoin ratio and why now30:10 The under-the-radar risk: UK fiscal crisis and bond vigilantes32:30 US fiscal picture: $39 trillion in debt and the dollar's secular decline36:48 Why anyone still owns long-term bonds — and why that's changing39:21 Lehman lessons43:09 Is private credit already a crisis?48:00 Parting thoughts and how to find The Bear Traps Report

Nate Browne didn't grow up dreaming of becoming a Division I head coach. He grew up racing cousins in a church parking lot in Iowa. He chased a scholarship. He switched from the 400m to the 800m and found his event. He built All-American credentials.And then he walked into the business world.

Lance Roberts breaks down the growing stress in private credit markets, rising default risks, and the recent wave of gated withdrawals across major funds. With comparisons to the 2008 financial crisis gaining traction, investors are asking a critical question: are we facing Subprime Crisis 2.0? We examine what made the 2008 collapse so catastrophic—leverage, derivatives, and systemic contagion—and compare it to today's private credit landscape. While defaults are rising and liquidity concerns are real, the structure of private credit is fundamentally different. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer 0:00 - INTRO 0:50 - High Oil Prices are the Cure for High Oil Prices 5:54 - Markets' Extended Losing Streak Setting up for Bounce 12:21 - Private Credit vs Subprime - Gating Defined 21:03 - Estimated Impact of Private Credit on GDP 23:22 - Fiat Currencies in a Death Spiral? 27:17 - Why Foreign Central Banks Hold Dollar Reserves 30:39 - Why Would China Back the Renminbi w Gold? 34:21 - Why Treasury Auctions fo "Soft" 39:27 - With What Would Reserve Currencies be Replaced? 43:07 - The Context of Money & How Economies Work 46:23 - Commentary: Current Market Conditions ------ Register for our next Dynamic Learning Series, "Beyond Filing: Turning Your Tax Return into a Strategic Financial Plan," Thursday, April 2, at 12-noon: https://streamyard.com/watch/j9BYjeW2teTJ ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/3vdXmMNXyV0 ------- Watch our previous show, "How to Beat the 4 Biggest Retirement Risks," https://youtube.com/live/1V4lwzyKDjg ------- Articles Mentioned in Today's Show: "Will AI Trigger The Next Great Depression?" https://realinvestmentadvice.com/resources/blog/will-ai-trigger-the-next-great-depression/ -------- The latest installment of our new feature, Before the Bell, "Sell the Bounce Before the Next Drop," is here: https://youtu.be/68dbmAqKiGM ------- Download Lance's Latest e-book, "Laws of Money & Wealth:"https://realinvestmentadvice.com/ria-e-guide-library/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #MarketCorrection #InvestingStrategy #EnergyStocks #RiskManagement #PrivateCredit #FinancialCrisis #MarketRisk #Investing #CreditMarkets

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Lance Roberts breaks down the growing stress in private credit markets, rising default risks, and the recent wave of gated withdrawals across major funds. With comparisons to the 2008 financial crisis gaining traction, investors are asking a critical question: are we facing Subprime Crisis 2.0? We examine what made the 2008 collapse so catastrophic—leverage, derivatives, and systemic contagion—and compare it to today's private credit landscape. While defaults are rising and liquidity concerns are real, the structure of private credit is fundamentally different. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer 0:00 - INTRO 0:50 - High Oil Prices are the Cure for High Oil Prices 5:54 - Markets' Extended Losing Streak Setting up for Bounce 12:21 - Private Credit vs Subprime - Gating Defined 21:03 - Estimated Impact of Private Credit on GDP 23:22 - Fiat Currencies in a Death Spiral? 27:17 - Why Foreign Central Banks Hold Dollar Reserves 30:39 - Why Would China Back the Renminbi w Gold? 34:21 - Why Treasury Auctions fo "Soft" 39:27 - With What Would Reserve Currencies be Replaced? 43:07 - The Context of Money & How Economies Work 46:23 - Commentary: Current Market Conditions ------ Register for our next Dynamic Learning Series, "Beyond Filing: Turning Your Tax Return into a Strategic Financial Plan," Thursday, April 2, at 12-noon: https://streamyard.com/watch/j9BYjeW2teTJ ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/3vdXmMNXyV0 ------- Watch our previous show, "How to Beat the 4 Biggest Retirement Risks," https://youtube.com/live/1V4lwzyKDjg ------- Articles Mentioned in Today's Show: "Will AI Trigger The Next Great Depression?" https://realinvestmentadvice.com/resources/blog/will-ai-trigger-the-next-great-depression/ -------- The latest installment of our new feature, Before the Bell, "Sell the Bounce Before the Next Drop," is here: https://youtu.be/68dbmAqKiGM ------- Download Lance's Latest e-book, "Laws of Money & Wealth:"https://realinvestmentadvice.com/ria-e-guide-library/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #MarketCorrection #InvestingStrategy #EnergyStocks #RiskManagement #PrivateCredit #FinancialCrisis #MarketRisk #Investing #CreditMarkets

Hace algunos años,el 2009, un empresario me invitó a una reunión para conocernos, ya que estabapensando en una capacitación para su equipo comercial y apenas nos presentamos,le pregunté de cómo estaban enfrentando la crisis Subprime, que estaba en plenodesarrollo, ya que todo el mundo estaba hablando de eso y me respondió con esafrase:Decidimos noparticipar en esta crisis…Y me contó cómohabían diseñado conversaciones con todos sus equipos, para informarles que noparticiparían de esta crisis, como una declaración estratégica, con el fin deno entrar en pánico y tomar decisiones que les permitiera pasar de la mejormanera esa tormenta y surfear las olas.Nunca me heolvidado de esa conversación y del impacto que  tuvo esa frase para su organización.No se trata debuenismo, ni de ingenuidad, ni de palabras de buena crianza. Se trata de liderarcon estrategia…Por eso herecordado esta frase que le viene bien a dos secciones del Podcast Ventas B2B,como “citas citables” y “que buena idea se me ocurrió a ti…”

- Ölpreisprognose: Warum jetzt angepasst? - Inflation: Haben Investoren den Risikofaktor auf dem Schirm? - Aktien: Was, wenn die EZB nun die Zinsen anhebt? - Hormus-Effekt: Wie lange noch belastend? - Droht schon ein ‚Minsky-Moment'? - Private Credit: schon so gefährlich wie ‚Subprime‘? - Dollar: Sicherer Hafen oder schon ein Mythos? - Emerging Markets: Ist der Trend noch intakt?

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comNever mind the dodgy mortgages, oil spiking to $150/barrel in July, 2008, just before the panic set in, was as big a cause of the Global Financial Crisis.The price rise was like a sudden, unexpected liquidity drain on the economy. The US economy is built on oil. Costs suddenly rose across every supply chain. Disposable income was sucked out of households. Corporate margins got squeezed and inflation expectations rose effectively tightening financial conditions, just as the system needed liquidity. Funding costs then rose and collateral quality deteriorated. In a system already stretched with cheap credit and thin margins, highly leveraged institutions and ordinary borrowers were simultaneously pushed over the edge. The structure was fragile and it only worked in a low energy, low rate world. Subprime may have been the trigger, but the energy shock had already destabilised the foundations.The oil price tightened financial conditions before central banks didThis is not a one-offAs Charlie Morris points out in his piece What Happened in 1974, there have been three major oil shocks - in 1973/4, 1980 and 2008.In 1973 the US was dependent on Arab nations for most of its oil, and shortly after the Egypt-Syria alliance suddenly declared war on Israel, oil-producing Arab nations imposed an embargo on any nation that supported Israel. “You can support Israel or have cheap oil, but you can't have both,” the Saudi Arabian king had said on US TV.The oil price went from $3.50 to $10. It would eventually peak at $39.50 in 1980.I was only a little boy in the 1970s but we lived in South Kensington and I remember how many Arabs suddenly moved to the area, many of them with a great deal of money. My step-father ran a business in Belgravia selling modern Italian furniture and his clientele changed almost overnight. Hundreds of billions of dollars, previously in Western bank accounts, now made their way to the Gulf in a transfer of wealth like no other. Next came the Rolls Royces, the racehorses, the Harrods shopping sprees (indeed Harrods itself), the mansions, the public school educations, the City petro-dollar recycling trade and yes the over-priced, glitzy, Valentino furniture. London would never be the same.And what impact did those years have on bond and equity markets more generally? The 1970s were horrible, unless you were long commodities. The low reached in 1982 was so extreme that it marked one of the greatest long-term buying opportunities ever known, perhaps the greatest. While 2008 had its own consequences, not least the end of the City as a leading player in the global financial system (thanks to the regulation which followed), followed by the general decline of London.Each of these episodes follows a similar pattern: an energy shock tightens conditions, exposes leverage and forces a reset.It might not feel that way today with oil at $100, but we are still a long way from the extremes of 1974, 1980 or 2008. A lot of commentary is saying the investment world is too complacent and has not factored in what is coming.What is 2008's $150 oil in today's money?I'm not going to give you the CPI numbers because I consider CPI a bogus measure. Using money supply instead (M2), the equivalents look like this* 1974: $10 oil ≈ $120-150* 1980: $40 oil ≈ $360-440* 2008: $150 oil ≈ $375-450In the context of those extremes $100 oil does not look unreasonableThe sub-$60 prices with which we began this year now look extraordinarily cheap. I don't think we are going back to them any time soon.I'm also not saying we are going to those comparable numbers above. I merely show them for context.In terms of where we are going, I think Charlie has it right when he says, “We should assume that $100 oil implies a slowdown, $150 a recession, and $200 a depression”.$200 is not impossible if this was carries on.What to do?Let's take a quick look at how to position ourselves, and at what's in store for gold, silver, miners and the equities markets.It was the right call to move into energy at the beginning of the year, I'm pleased to say. With such quick profits the temptation is to sell. I'm maintaining my positions.The US, especially after the Venezuala episode, is self-sufficient in hydrocarbons. Europe is not. Whose oil and gas will it be buying now that Gulf supplies are in doubt, and Russian supply is off-limits?Meanwhile, high energy prices make shale extraction profitable again.North American oil and gas comes out of this strong.

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comNever mind the dodgy mortgages, oil spiking to $150/barrel in July, 2008, just before the panic set in, was as big a cause of the Global Financial Crisis.The price rise was like a sudden, unexpected liquidity drain on the economy. The US economy is built on oil. Costs suddenly rose across every supply chain. Disposable income was sucked out of households. Corporate margins got squeezed and inflation expectations rose effectively tightening financial conditions, just as the system needed liquidity. Funding costs then rose and collateral quality deteriorated. In a system already stretched with cheap credit and thin margins, highly leveraged institutions and ordinary borrowers were simultaneously pushed over the edge. The structure was fragile and it only worked in a low energy, low rate world. Subprime may have been the trigger, but the energy shock had already destabilised the foundations.The oil price tightened financial conditions before central banks didThis is not a one-offAs Charlie Morris points out in his piece What Happened in 1974, there have been three major oil shocks - in 1973/4, 1980 and 2008.In 1973 the US was dependent on Arab nations for most of its oil, and shortly after the Egypt-Syria alliance suddenly declared war on Israel, oil-producing Arab nations imposed an embargo on any nation that supported Israel. “You can support Israel or have cheap oil, but you can't have both,” the Saudi Arabian king had said on US TV.The oil price went from $3.50 to $10. It would eventually peak at $39.50 in 1980.I was only a little boy in the 1970s but we lived in South Kensington and I remember how many Arabs suddenly moved to the area, many of them with a great deal of money. My step-father ran a business in Belgravia selling modern Italian furniture and his clientele changed almost overnight. Hundreds of billions of dollars, previously in Western bank accounts, now made their way to the Gulf in a transfer of wealth like no other. Next came the Rolls Royces, the racehorses, the Harrods shopping sprees (indeed Harrods itself), the mansions, the public school educations, the City petro-dollar recycling trade and yes the over-priced, glitzy, Valentino furniture. London would never be the same.And what impact did those years have on bond and equity markets more generally? The 1970s were horrible, unless you were long commodities. The low reached in 1982 was so extreme that it marked one of the greatest long-term buying opportunities ever known, perhaps the greatest. While 2008 had its own consequences, not least the end of the City as a leading player in the global financial system (thanks to the regulation which followed), followed by the general decline of London.Each of these episodes follows a similar pattern: an energy shock tightens conditions, exposes leverage and forces a reset.It might not feel that way today with oil at $100, but we are still a long way from the extremes of 1974, 1980 or 2008. A lot of commentary is saying the investment world is too complacent and has not factored in what is coming.What is 2008's $150 oil in today's money?I'm not going to give you the CPI numbers because I consider CPI a bogus measure. Using money supply instead (M2), the equivalents look like this* 1974: $10 oil ≈ $120-150* 1980: $40 oil ≈ $360-440* 2008: $150 oil ≈ $375-450In the context of those extremes $100 oil does not look unreasonableThe sub-$60 prices with which we began this year now look extraordinarily cheap. I don't think we are going back to them any time soon.I'm also not saying we are going to those comparable numbers above. I merely show them for context.In terms of where we are going, I think Charlie has it right when he says, “We should assume that $100 oil implies a slowdown, $150 a recession, and $200 a depression”.$200 is not impossible if this was carries on.What to do?Let's take a quick look at how to position ourselves, and at what's in store for gold, silver, miners and the equities markets.It was the right call to move into energy at the beginning of the year, I'm pleased to say. With such quick profits the temptation is to sell. I'm maintaining my positions.The US, especially after the Venezuala episode, is self-sufficient in hydrocarbons. Europe is not. Whose oil and gas will it be buying now that Gulf supplies are in doubt, and Russian supply is off-limits?Meanwhile, high energy prices make shale extraction profitable again.North American oil and gas comes out of this strong.

The auto finance industry continues to navigate heightened economic uncertainty as the Iran war drives oil prices higher, adding pressure to consumers already facing elevated vehicle prices and borrowing costs.  Crude oil prices surged above $100 per barrel to end last week amid fears of supply disruptions around the Strait of Hormuz, a critical route for roughly one-fifth of global oil shipments, according to market researcher Energy Aspects' data. The spike, which continued into today, pushed U.S. gasoline prices higher and increased volatility across financial markets. Higher fuel prices are adding to affordability challenges that have defined the auto market for much of the past year. The average new-vehicle transaction was $49,353 in February, while the average monthly payment for a new vehicle climbed to around $767, according to Kelley Blue Book data. Despite those pressures, credit activity remains steady. Subprime borrowers accounted for 15.3% of all vehicle loans in the fourth quarter of 2025, up from 14.5% a year earlier, as lenders seek to balance growth with risk management. At the same time, tax refunds are providing a temporary boost in demand, with the average refund expected to reach $3,742. Some lenders have reported 10% to 15% more loan applications than expected in the early weeks of tax filing. Meanwhile, capital markets remained active even as political tensions due to the Iran war widened credit spreads. Issuers continued to tap the asset-backed securities market, including Carvana, which issued a $1.1 billion prime auto ABS transaction and several securitizations by lenders seeking diversified funding. In this episode of “Weekly Wrap,” Auto Finance News Editor Amanda Harris, Deputy Editor Johnnie Martinez II, Senior Associate Editor Truth Headlam and Associate Editor Aidan Bush discuss top trends across macroeconomic dynamics, affordability, funding and powersports lending for the week ended March 13.  

In this episode of The Canadian Investor Podcast, we break down the stunning collapse in Goeasy after the company shocked investors with a major financial update ahead of earnings. What was expected to be a gradual deterioration turned into a full-blown blow-up, with sharply higher charge-offs, a suspended dividend and buyback program, withdrawn guidance, potential restatements of past financials, and debt covenant issues that could become existential for the business. We walk through the key details from the release, why the market reacted so violently, and why the company’s comments around LendCare, delinquent loans, and prior reporting practices raise even more questions. We also revisit the red flags we had been discussing for months, including ballooning interest receivables, aggressive loan book growth, and the growing disconnect between goeasy’s reported performance and the broader credit environment. To finish on a more positive note, we also discuss strong results from Franco-Nevada and what higher gold prices could mean for the royalty giant going forward. Tickers discussed: GSY.TO, FNV.TO Watch the full video on Our New Youtube Channel! Check out our portfolio by going to Jointci.com Our Website Canadian Investor Podcast Network Twitter: @cdn_investing Simon’s twitter: @Fiat_Iceberg Braden’s twitter: @BradoCapital Dan’s Twitter: @stocktrades_ca Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast! Apple Podcast - The Canadian Real Estate Investor Spotify - The Canadian Real Estate Investor Web player - The Canadian Real Estate Investor Asset Allocation ETFs | BMO Global Asset Management Sign up for Fiscal.ai for free to get easy access to global stock coverage and powerful AI investing tools. Register for EQ Bank, the seamless digital banking experience with better rates and no nonsense.See omnystudio.com/listener for privacy information.

Despite a rise in subprime financing share in the fourth quarter of 2025, affordability remains a key focus for auto lenders and dealers as lower-income consumers continue to be disproportionately affected by higher everyday costs. Subprime share of total vehicle financing in Q4 2025 stood at 15.3%, up from 14.5% a year earlier, according to Experian data. Prime borrowers continued to lead market share for new-vehicle financing as subprime customers remain challenged by high vehicle costs, but Federal Reserve interest rate cuts and tax refunds will potentially bring some relief in 2026. Affordability challenges contributed to a slowdown in retail vehicle sales across much of the country in the first part of the year, evidenced by trends in the March 3 edition of the Fed's Beige Book. Dealers across many Fed regions reported flat to decreased new- and used-car sales as higher interest rates and rising gas prices further tightened consumers' wallets. The war in the Middle East has contributed to higher oil and gas prices since the U.S. and Israeli strikes on Iran on Feb. 28, which could raise funding costs and prompt a shift in investors' strategies.  Meanwhile, powersports lender Octane has shored up additional funding as it aims to grow originations and its captive-as-a-service offering. New York-based Octane's originations rose 29% year over year to $2.1 billion in 2025. In this episode of “Weekly Wrap,” Auto Finance News Editor Amanda Harris, Deputy Editor Johnnie Martinez II and associate editor Aidan Bush discuss top trends across macroeconomic dynamics, affordability, funding and powersports lending for the week ended March 6. 

On episode 232 of The Compound and Friends, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by Garrett Baldwin, author of Me and the Money Printer, to discuss: Weird market dynamics, recent global events, private credit, and much more! This episode is sponsored by Fidelity Investments and Janus Henderson Investors. Visit www.Fidelity.com/TraderPlus to learn more about Fidelity Investments and the all-new Fidelity Trader+, Fidelity's most powerful trading platform yet. Learn more about Janus Henderson Investors at https://www.janushenderson.com/ Sign up for The Compound Newsletter and never miss out: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thecompoundnews.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠instagram.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠twitter.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠linkedin.com/company/the-compound-media/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠tiktok.com/@thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Fidelity Disclosure: Fidelity Investments and The Compound are not affiliated. Views, opinions, products, services, and strategies discussed are not endorsed or promoted by Fidelity Investments. Fidelity Brokerage Services LLC, Member NYSE, SIPC. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

OPINION: Public utilities, Philippine context: Where ‘prime' means subprime | Jan. 18, 2026Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribeVisit our website at https://www.manilatimes.net Follow us: Facebook - https://tmt.ph/facebook Instagram - https://tmt.ph/instagram Twitter - https://tmt.ph/twitter DailyMotion - https://tmt.ph/dailymotion Subscribe to our Digital Edition - https://tmt.ph/digital Check out our Podcasts: Spotify - https://tmt.ph/spotify Apple Podcasts - https://tmt.ph/applepodcasts Amazon Music - https://tmt.ph/amazonmusic Deezer: https://tmt.ph/deezer Stitcher: https://tmt.ph/stitcherTune In: https://tmt.ph/tunein#TheManilaTimes#KeepUpWithTheTimes Hosted on Acast. See acast.com/privacy for more information.

Shoot us a Text.Episode #1244: Today we're talking about Tesla's FSD flip to subscription-only, the continued softening of auto credit conditions, and a loyalty report that says your customers are expecting way more. Show Notes with links: The Dealertrack Credit Availability Index closed out December at 99.6—its highest reading of 2025 and the strongest level since October 2022. It marks a continued return to pre-pandemic credit conditions, capping off a yearlong trend of easing lending standards.Approval rates rose to 73.7%, up 90 basis points from November and 80 bps from December 2024.Average contract rates dropped from 10.5% to 10.3%, while yield spreads also narrowed—making pricing more attractive for buyers.Subprime lending edged down from 14.3% to 14.1% month-over-month, though still up from 11.8% a year ago.Loans over 72 months grew in share, as consumers stretch payments to keep monthly costs manageable.Captive lenders led the loosening, but banks, credit unions, and finance companies all showed increased flexibility.Starting February 14, Tesla will stop offering its Full Self-Driving (FSD) system as a one-time purchase, moving exclusively to a monthly subscription model, according to CEO Elon Musk.FSD, which still requires active driver supervision, currently costs $8,000 or $99/month.Tesla hasn't said how many users pay for FSD, but Musk once admitted he was "kind of glad" not many bought the lifetime option.The shift may be tied to Musk's compensation package, which includes hitting 10 million active FSD subscriptions.California regulators are still considering suspending Tesla's sales license for 30 days over alleged misleading marketing of FSD capabilities.Tesla has not disclosed how many of its customers have bought or are paying monthly subscriptions for FSD.In its 28th annual Customer Loyalty Engagement Index, Brand Keys found that consumer expectations jumped a record-breaking 32% year-over-year — a shift that's shaking up brand rankings across industries and putting serious pressure on retailers to evolve.Hyundai once again ranked highest among automotive brands for meeting modern consumer expectations — its 17th year holding that title.Nearly 40% of product and service categories saw new leaders emerge, signaling a wave of disruption driven by more demanding buyers.Loyalty continues to deliver ROI: a 5% improvement can boost lifetime customer profits by up to 88%, while a 2% lift can cut marketing costs by nearly 30%.Amazon, Whole Foods, Shell, Ben & Jerry's, and Dollar General were also among the top performers in their categories.“The bottom line: loyalty moves markets.” – Robert Passikoff, President of Brand KeysJoin Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Gaps in data verification likely contributed to missed double-pledging of assets at Tricolor Auto, prompting changes at rating agencies, Larry Chiavaro, president at his consulting company LC Advisors Group, told Auto Finance News during a special recording of the Weekly Wrap podcast.  Chiavaro also served as executive vice president and co-founder of First Associates Loan Servicing from 2010 to 2021. That company was rebranded as Vervent in 2020. The backup servicer took over Tricolor's portfolio following the company's Sept. 10 bankruptcy filing.  Tricolor is under investigation for allegations of fraudulently double-pledging assets to warehouse lines, with former Tricolor Chief Executive Daniel Chu and other former Tricolor executives facing a federal indictment alleging they committed fraud at the company.  The Tricolor bankruptcy served as a “wake-up call for the industry” and has spurred changes, Chiavaro tells AFN.In this special episode of the Weekly Wrap, Auto Finance News Founder and CEO JJ Hornblass joins Chiavaro to discuss the collapse of Tricolor Auto, backup servicing operations and risk management.  

One on One Video Call W/George https://tidycal.com/georgepmonty/60-minute-meetingSupport the show:https://www.paypal.me/Truelifepodcast?locale.x=en_USIn this powerful episode of the True Life Podcast, host George Monty delivers a hard-hitting “daily transmission” exposing how corporations and systems deliberately manufacture scarcity to drive profits, control populations, and prevent true abundance from reaching everyday people. Drawing on real-world examples from food, housing, medicine, and more, George reveals the patterns of consolidation, surplus destruction, and artificial shortages that keep society desperate and divided. He calls for recognition, documentation, and rebellion against this “scarcity weapon,” urging listeners to investigate local resources and demand the withheld plenty. This episode is a wake-up call to see beyond the narratives of inflation and supply chain issues to the engineered theft of abundance.Host: George MontyPodcast: True Life PodcastDuration: Approximately 10-15 minutes (based on transcript length)Release Date: Estimated based on content references (late 2025)Listen Here: Explore more episodes and connect with George Monty on the TrueLife platform. Key Timestamps & HighlightsGeorge's monologue flows as a continuous narrative, but we've broken it down into thematic sections with approximate timestamps for easy navigation:•  00:00 - 01:00: The Illusion of Struggle George opens by challenging the narrative that you're failing—it's engineered starvation in abundance. He prompts listeners to check their finances and see how earnings vanish despite higher pay, labeling it “2025's manufactured scarcity” designed for control and extraction.•  01:00 - 02:30: From Ancient Famines to Modern Engineering Contrasting natural famines with today's deliberate hunger, George highlights U.S. food production capacity (enough for 10 billion people) versus 34 million facing food insecurity amid record corporate profits.   He exposes the “machine that weaponizes emptiness.” •  02:30 - 04:00: Food Shortages Exposed•  2024 egg shortage: Not avian flu, but corporate consolidation by Cal-Maine Foods (20% market control), leading to tripled prices and $535 million in profits. •  2022-2024 baby formula crisis: Abbott's monopoly (43% market) caused shutdowns, boosting stock 34% while parents turned to black markets. https://www.theguardian.com/us-news/2025/apr/09/doj-egg-prices-rise-cal-maine-profits•  04:00 - 05:00: Housing and Tech Hoarding•  Housing crisis: 16 million vacant homes in the U.S. versus over 600,000 homeless, as empty properties prove more profitable. •  2025 semiconductor shortage: TSMC's alleged deliberate restrictions via leaked emails to maintain pricing, with chips stockpiled while car prices soar.  (Note: Related to trade secret leaks; broader shortage context available.)https://unitedwaynca.org/blog/vacant-homes-vs-homelessness-by-city/•  05:00 - 06:30: Surplus Destruction and Corporate Mandates George uncovers patterns of destroying goods under USDA/EPA/FDA protocols lobbied by corporations.  He cites the 2024 NASS report (Appendix G, p. 847) on 2.3 billion pounds of produce destroyed to avoid “market destabilization.”  Kroger's 2019 leaked memo advocates “optimal scarcity ratios” for urgency buying. https://www.usda.gov/about-usda/news/press-releases/2023/09/20/usda-expands-efforts-prevent-and-reduce-food-loss-and-wastehttps://www.nass.usda.gov/Charts_and_Maps/Crop_Progress_&_Condition/2024/index.phphttps://www.nationofchange.org/2024/09/03/corporate-greed-exposed-kroger-admits-to-price-gouging-on-milk-and-eggs-amid-antitrust-trial/•  06:30 - 08:00: The Scarcity Playbook Step-by-step breakdown: Consolidate supply, engineer shortages (restrict, destroy surplus), profit from desperation. Blame shifts to weather or labor, not architects.•  08:00 - 10:00: Historical and Ongoing Examples•  2008 housing crisis: Banks held 3.5 million foreclosures as “shadow inventory” to keep prices high. https://en.wikipedia.org/wiki/Subprime_mortgage_crisis•  2020 toilet paper: Procter & Gamble and Georgia-Pacific (55% control) restricted distribution for 300% price surges at 64% capacity. https://www.resourcewise.com/market-watch-blog/are-we-really-running-out-of-toilet-paper-in-the-covid-crisis•  2021 lumber: Weyerhaeuser and West Fraser (40% control) quadrupled prices with underused mills. https://markets.businessinsider.com/news/stocks/lumber-prices-hit-record-highs-soaring-past-year-2021-4-1030299977•  2023 prescription drugs: Wholesalers like McKesson, Cardinal, and AmerisourceBergen (95% control) restrict insulin ($2 production cost) amid shortages. https://www.mmm-online.com/home/channel/drug-shortages-in-america/•  2025 water: Nestlé, Coca-Cola, Pepsi (75% bottled water) amid contaminated public supplies. https://www.grandviewresearch.com/industry-analysis/bottled-water-market•  10:00 - 11:30: Broader Patterns of Waste Amazon destroys 2 million unsold products yearly for scarcity pricing.  Pharma discards effective expired meds.  Energy firms flare gas for 10 million homes.  McKinsey's 2023 report recommends 15-20% below-demand inventory for margins.  Supply chain “disruptions” post-2020? Traffic normalized by Q3 2021, but prices stayed high via throttling. https://www.ethicalconsumer.org/ethical-campaigns-boycotts/amazons-burning-approach-unsold-returned-productshttps://pmc.ncbi.nlm.nih.gov/articles/PMC10834166/

Patriot games are coming. Larry Ellison in the spotlight. Hi Ho Silver and away! PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - CTP Cup - All systems go! 9 participants! - ELON gets his $$$ - Kids account challenge - Patriot games are coming... Markets - Not much headwinds - EOY approaching - Analysts predicting SP500 for 2026 - 7,500 (12% upside) - More Oracle back and forth - Gold and Silver Elon - Elon Musk's net worth surged to $749 billion late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139 billion that were voided last year - He also recently received a $1T pay plan approval - Jeff Bezos, Mark Zuckerberg, and Jensen Huang combined - His fortune exceeds the GDP of nations like the Netherlands, Saudi Arabia, and Switzerland. - He is richer than every country in Africa by GDP - He is projected by some reports to become the world's first trillionaire by 2027 When did Larry Ellison and Oracle become newsworthy? - Every day in the news.... - Larry Ellison NOW Personally Guarantees Paramount Bid for Warner Bros. - The announcement of Mr. Ellison's personal guarantee is meant to address concerns that the Warner Bros. Discovery's board had expressed about Paramount's original offer. - Helping out sonny-boy? More Oracle - Oracle stock slid after a report that Blue Owl Capital won't back a $10 billion data center for OpenAI. (Michigan) - Oracle has $248 billion in lease commitments for data centers and cloud capacity commitments over the next 15 to 19 years. - Oracle later responded to the FT report, saying the project was moving forward and that Blue Owl was not part of equity talks. EVEN MORE! - Multiple media outlets, including the Associated Press, reported that ByteDance has reached an agreement with Oracle ORCL, Silver Lake, and Abu-Dhabi-based MGX to set up a joint venture for TikTok's US operations. Oracle will hold a 15.0% stake in the new entity, while ByteDance will retain a 19.9% stake. - The important thing her is that TikTok stays as a major tenant of OCI as ORCL needs this cash flow... - Of all of the items, this may be why ORCL stock has bounced te last few days. Congressional Ban - A vote on legislation banning members from owning or trading stocks could get a vote in the new year, according to House leadership and Republican members. - President Donald Trump has said he supports a congressional ban but has pushed back on versions that include the executive branch. - Basically this bill would prohibit the ownership of individual stocks by congress Over to Japan - Bank of Japan raises benchmark rates to highest in 30 years, lifting 10-year JGB yield past 2% - Yen still VERY weak - trading at 157/USD - (problematic) - The BOJ said that real interest rates are expected to remain “significantly negative,” adding that accommodative financial conditions will continue to firmly support economic activity. - The yen weakened 0.25% against the USD after the decision - therefore still dovish and stimulative Economic Numbers - Estimates, partial numbers and best guesses. OH, 2-month averaging as well - The Bureau of Labor Statistics reported that the annual headline inflation rate and core CPI rate for last month were 2.7% and 2.6%, respectively, well below expectations. - Due to government shutdown, BLS to make certain methodological assumptions about the prior month's inflation levels. - Those assumptions in the methodology were not clear to economists and were not fully explained in the release. - Here is a big issue: The price changes in October for the OER (owners equivalent rent) appear to have been “set to zero.”  Sports Prediction Markets - Sports is fueling the growth and is forecasted to make up 44% of volume as prediction markets mature. - According to one expert: the fundamental elements of consumer demand and an array of diverse brands looking to meet that demand are clearly in place - Sportsbooks are getting a bit nervous.... First Dell, then... - Billionaire hedge fund manager Ray Dalio of Bridgewater Associates and his wife, Barbara, committed to seed Trump accounts for approximately 300,000 children in Connecticut. - Following the Dells' pledge, the funds will be aimed at kids who live in a Connecticut ZIP code where the median income is less than $150,000. - The Dalio grant will fund $250 per child for approximately 300,000 children in Connecticut. This applies to children who live in a ZIP code where the median income is less than $150,000. About 87% of Connecticut ZIP codes meet that criteria, according to a CNBC analysis of Census Bureau data. - “Ray has joined what we are calling the 50-state challenge,” Treasury Secretary Scott Bessent said in a press conference on Wednesday. - A growing number of companies have announced they would match contributions to Trump accounts for their employees, including BNY and BlackRock. Patriot Games (Hunger Games?) - Trump announced: The Washington Monument will be illuminated with festive lights, a triumphal arc will be constructed and the “Patriot Games” will commence. The games are an “unprecedented four-day athletic event featuring the greatest high school athletes: one young man and one young woman from each state and territory. - Uhhhhhh "And so it was decreed that, each year, the various districts of Panem would offer up, in tribute, one young man and woman to fight to the death in a pageant of honor, courage and sacrifice. (Hunger Games 2012) - What next - PURGE NIGHT? Fed Pick - Now it seems as if it is a 4 person race... - President Trump says "Nowadays, when there is good news, the market goes down because everybody thinks that interest rates will be immediately lifted"; says "I want my new Fed Chairman to lower interest rates if the market is doing well"; says "Anybody that disagrees with me will never be the Fed Chairman!" San Fran Blackout - Alphabet-owned Waymo resumed its robotaxi service in the San Francisco Bay Area Sunday evening after pausing it amid widespread blackouts that had affected their vehicles' behavior. - Waymo said it worked with city officials throughout the blackout and had “proactively” initiated a temporary suspension of its service. - Interesting point there - what happens when grid disruptions for internet with self-driving Angry Shareholders (For a minute) - Tricolor CEO Daniel Chu directed a deputy to send him $6.25 million in bonuses in August, weeks before the company filed for bankruptcy, U.S. prosecutors alleged. - Subprime autofirm that had alleged fraud - This happens all the time - Big issue to keep alert to is the news about "Subprime" WEED - Trump's executive order shifts cannabis from Schedule I to Schedule III, easing research, banking and tax restrictions and marking the biggest federal cannabis policy change in decades. - Shares of cannabis conglomerates were down following the announcement, likely from worries of new competition from international companies. - NOT legalization - NOT for recreational use... - Banking, Institutional capital ..... OpenAi - Beggars cup continues - OpenAI is in initial discussions to raise at least $10 billion from Amazon.com Inc. and use its chips, a potential win for the online retailer's effort to broaden its AI industry presence and compete with Nvidia Corp. - The deal under discussion could value OpenAI north of $500 billion and see it adopt Amazon's Trainium chip, a person with knowledge of the matter said, asking to remain anonymous to describe private negotiations. - Talks, however, are at a preliminary stage and terms could change, the person added. High Ho Silver and Away! - Silver up 135% YTD - Gold up 70% - Best year since strongest annual performance since 1979 for Gold - 1970's was inflation, USD weakening, Energy crisis. - What is similar/different now? (Big difference is buying up (China, Poland, Turkey, India) Light menu - Darden Restaurants will roll out a new lighter portion entrées menu at all Olive Garden locations in January, the company announced during its quarterly earnings call last Thursday. - Citing affordability: "Olive Garden has seen a double-digit increase in affordability perceptions from guests who order from the lighter portions menu and an increase in frequency among these guests, which should help build traffic over time," Cardenas said. - Sooooo 0 due to high costs, Americans are cutting back on food? - If it were for weight loss, no need for Oliver garden to cut back on portions as most inedible anyway... Copper - Copper prices topped $12,000 a ton for the first time, extending the metal's recent bull run as mine outages add to concerns about supply. - The threat of US import tariffs on the metal has also been an important factor pushing up prices this year, with copper piling up in American warehouses. - Industry analysts have said that much of the richest and most easily accessible mining resources are now exhausted, and experts are warning that the market is on the cusp of a major deficit. Jim Beam - Bourbon maker Jim Beam is halting production at one of its distilleries in Kentucky for at least a year as the whiskey industry navigates tariffs from the Trump administration and slumping demand for a product that needs years of aging before it is ready. - Jim Beam said the decision to pause bourbon making at its Clermont location in 2026 will give the company time to invest in improvements at the distillery. The bottling and warehouse at the site will remain open, along with the James B. Beam Distilling Co. visitors center and restaurant. - The percentage of U.S. adults who say they consume alcohol has fallen to 54%, the lowest by one percentage point in Gallup's nearly 90-year trend. Love the Show? Then how about a Donation? THE CLOSEST TO THE PIN 2025 Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt! CTP CUP 2025 Participants: Jim Beaver Mike Kazmierczak Joe Metzger Ken Degel David Martin Dean Wormell Neil Larion Mary Lou Schwarzer Eric Harvey (2024 Winner) FED AND CRYPTO LIMERICKS See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

George Couperthwait is one of those guys that everyone in skiing knows, likes, and respects. He's a visionary, who's ski industry life started in a van: going shop to shop, demo to demo, race to race...and he worked his way all the way up to the top of skiing  With over 30 years working with brands like Rossignol and Stockli, George has taken his passion for sport and his love of product and weaved that into a world of building relationships and brands.  It's an interesting peek behind the curtain with the brains behind the XXX and so much more. George Couperthwait Show Notes: 4:00: Subprime products, growing up in NY, ski racing, coaching, relationship building, Nordica, tech rep life, and the 4S Kevlar 21:00: Ski Idaho: With 19 mountains, a ton of snow and no lift lines, why wouldn't you Visit Idaho Stanley:  The brand that invented the category! Only the best for Powell Movement listeners.  Check out Stanley1913.com   Best Day Brewing:  All of the flavor of your favorite IPA or Kolsch, without the alcohol, the calories or sugar. 24:00: Alberto Tomba, Rossignol, working by Facsimile with France, Viper X, the C.U.T. series, a changing the industry with Freeride, Petersen and Pehota,      40:30: Elan Skis:  Over 75 years of innovation that makes you better. Outdoor Research: Click here for 25% off Outdoor Research products (not valid on sale items or pro products) Therm-ic Heated Socks: The branded that invented Heated Socks 43:00: Tanner Hall, asking a lot out of athletes, travel, the end of Rossignol, Stockli,    62:00: Inappropriate Questions  

America is facing a subprime auto meltdown that rivals 2008. Pat breaks down rising delinquencies, soaring car prices, negative equity traps, and what low-income buyers are facing. Learn how to protect yourself with credit, smart rules, and real solutions.

- Subprime Defaults Hit All-Time High - Solid-State Batteries Getting Overhyped - F1 Team Values on the Rise - Toyota Starts Production at New Battery Plant - VW Could Use Rivian Architecture for ICEs - Apollo Go Robotaxi on Profit Path - Waymo Expanding Onto Freeways - China Considers Vehicle Acceleration Limit

- Subprime Defaults Hit All-Time High - Solid-State Batteries Getting Overhyped - F1 Team Values on the Rise - Toyota Starts Production at New Battery Plant - VW Could Use Rivian Architecture for ICEs - Apollo Go Robotaxi on Profit Path - Waymo Expanding Onto Freeways - China Considers Vehicle Acceleration Limit

Are you looking to save time, make money, and start winning with less risk? Then head to https://www.ovtlyr.com.Two major hedge funds just blew up, and the internet instantly jumped to the whole “this feels like 2007” panic. You've probably seen the thumbnails already. Collapse. Crash. Doom. But when you dig into what actually happened, the story is way more interesting than the fear-mongering. This video breaks everything down in a way that makes sense and shows you what really matters behind the scenes.It all kicks off with a dramatic headline about subprime funds getting wiped out. And sure, it grabs attention, but the real takeaway is how familiar the pattern looks. When liquidity gets tight and confidence cracks, things can unravel fast. That's exactly why understanding the market cycle becomes such a powerful edge. Once you know how stage one, stage two, stage three, and stage four actually look on a chart, all the noise starts to fade away.The video walks through those stages using real examples, showing how the 10 EMA, 20 EMA, and 50 EMA tell the truth long before the headlines do. Most traders don't realize they're buying at the very beginning of stage three, which is why it feels like the market keeps slapping them around. Once you see it, you can't unsee it.Here's what you'll pick up along the way:✅ How the full market cycle really works✅ The signals that actually start a bullish trend✅ Why traders always seem to buy the top✅ How bank redemptions turn into liquidity spirals✅ The surprising overlap between UBS today and Bear Stearns back thenThere's also a super clear breakdown of how bank runs happen in real life. Not the movie version, the real-world version where people pull funds, banks scramble to sell assets, and suddenly confidence disappears. Once you understand that, the whole UBS situation makes a lot more sense.The video also takes a look at past crashes like 1987 and the Covid drop to show something most people don't want to admit. The market almost always gives warning signs. The trend breaks first, then the disaster comes later. You don't have to guess tops or bottoms. You just need a plan that responds to what the market is actually doing.And if you've been curious about options rolling or why traders shift from deep in the money to slightly out of the money, that gets explained in a simple, real-world way. Delta, gamma, credit received, reduced risk, keeping the trade alive, it's all laid out without the usual confusion that comes with options talk.There's also a look at how OVTLYR helps with notifications, exit signals, ATR stops, and the kind of education that helps you trade based on structure instead of emotion. The whole point is helping you cut through the fear and actually make informed decisions.If you're tired of the clickbait panic and want a grounded, practical look at what's going on with hedge funds, liquidity, and smart trade management, this video is absolutely worth watching.Gain instant access to the AI-powered tools and behavioral insights top traders use to spot big moves before the crowd. Start trading smarter today

Want the cheat code to protect and grow your wealth? Check out Rebel Capitalist Pro https://rcp.georgegammon.com/pro

In this episode, we are pleased to be joined by first time guest, JoAnne Binaco, Partner and Senior Investment Strategist at BondBloxx ETFs. Recorded in early October 2025, we discuss the recent headlines around high profile collapses of some subprime lenders and how such collapses do not necessarily portend a systemic risk to the broader corporate lending environment and how investment opportunities may emerge with the rise in credit volatility.  BondBloxx disclaimer: Carefully consider the Funds' investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Funds' prospectus or, if available, the summary prospectus, which may be obtained by visiting https://bondbloxxetf.com/prospectuses/ or calling 800-896-5089. Read the prospectus carefully before investing. The Funds are distributed by Foreside Fund Services, LLC. There are risks associated with investing, including possible loss of principal.

The U.S. economy is headed for financial collapse. Repo market stress. Private credit market liquidity crunch. Subprime lending crisis. Spiraling deficits. Basis trade exposure. Dollar debasement. U.S. states in recession. Oil market contango. Tariff and trade wars. Each of these are like explosive devices hiding in the corners of the economic edifice that is the U.S. economy. And the Federal Reserve just released a shocking paper that exposes the biggest potential threat of all. Explosive devices have been set all around the economy and a new bomb was just uncovered in the most unlikely of places. Chapters Intro: 00:05:21 Chapter One: The Road to Economic Hegemony. 00:06:24 Chapter Two: Collision Course. 00:30:55 Chapter Three: Hidden Bomb. 00:35:50 Chapter Four: Bring It Home, Max. 00:44:50 Resources The Lead Left: Middle Market & Private Credit – 2/10/2025 Mark Zandi on X Axios: 22 states are in a recession or close to it, new analysis finds The Fed: The Cross-Border Trail of the Treasury Basis Trade FSB: Leverage in Nonbank Financial Intermediation: Final report Morningstar: Official data dramatically underestimates hedge funds' involvement in the Treasury market, Fed paper finds Federal Reserve Bank of New York: Repo Operations Fidelity: Investor behind Zions, Western Alliance bad loans is tied to $270 million in troubled debt Car Dealership Guy: Tricolor: The messy collapse of a subprime auto lender explained Investopedia: Basis Trading: Definition, How It Works, Example The Guardian: What is private credit, and should we be worried by the collapse of US firms? OilPrice.com: Oil Market Braces for Contango and Shale Slowdown -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, TikTok and Instagram at @UNFTRpod. Visit us online at unftr.com. Join our Discord at unftr.com/discord. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility. Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is hosted by Max and distributed by 99.Support the show: https://www.unftr.com/membershipsSee omnystudio.com/listener for privacy information.

We have a couple more names to add to our fast-growing list of shadow banking casualties. And, yes, collateral is once again the common theme. One of them is of course in subprime auto financing, but that's just another canary in the credit coalmine. The other has been accused of fabricating half a billion of collateral invoices. Half a billion. Fake collateral.Eurodollar University's Money & Macro Analysis---------------------------------------------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider---------------------------------------------------------------------------------------------------------------------WSJ Bankrupt Telecom Business Accused of Fraud in Receivables Financinghttps://www.wsj.com/articles/bankrupt-telecom-business-accused-of-fraud-in-receivables-financing-0370b4fdBloombergLaw Factoring-Firm Affiliate Files Chapter 11; Up to $1B Liabilitieshttps://news.bloomberglaw.com/bankruptcy-law/factoring-firm-affiliate-files-chapter-11-up-to-1b-liabilitiesFreightWaves Factoring companies squeezed by slowing shipper payments: Alsobrookshttps://www.freightwaves.com/news/factoring-companies-squeezed-by-slowing-shipper-payments-alsobrooksBloomberg BOE's Bailey Warns ‘Alarm Bells' Ringing in Private Credithttps://www.bloomberg.com/news/articles/2025-10-21/boe-s-bailey-warns-of-financial-crisis-echoes-in-private-credithttps://eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Links & ResourcesFollow us on social media for updates: ⁠⁠Instagram⁠⁠ | ⁠⁠YouTube⁠⁠Check out our recommended tool: ⁠⁠Prop Stream⁠⁠Thank you for listening!

The North American auto industry is under real cost pressure, posits Nishit Madlani. He discusses how tariffs have hit the industry and how consumers can't handle cost increases with car payments already high. He expects a single-digit decline in volumes next year. Nishit is also concerned about subprime auto loans as vendors become more aggressive.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

 Chris Markowski, known as the Watchdog on Wall Street, discusses the harsh realities of the financial world, emphasizing the importance of long-term wealth building and the risks associated with Wall Street and crypto trading. He critiques the growing influence of private equity in 401(k) plans and the ethical dilemmas surrounding good money versus bad money. Markowski also highlights the impact of regulations on small banks and the ongoing subprime auto lending crisis, ultimately calling for greater financial integrity and accountability.

The market is sending mixed signals, so what does that mean for buyers and sellers right now? Prices are cooling toward neutral, new listings are finally creeping up, pending sales just slipped, and days on market are the longest since 2019. We sort through the latest data so you can read your local market with clear eyes. A government shutdown is already touching housing. With the National Flood Insurance Program paused, some coastal and riverine deals are stalling as buyers struggle to bind coverage. We explain one potential workaround by assigning an existing policy, plus how many closings could be delayed if the lapse drags on. Zooming out, we track fresh signs of consumer strain. Subprime auto delinquencies are at a record, average car payments now top 750 dollars a month, and sentiment has split sharply between households with big stock portfolios and those without. Several states are flirting with recession risk, which could tug mortgage rates lower, while sticky inflation could keep them pinned. In This Episode We Cover Cooling home prices, rising days on market, and what a near-flat Case-Shiller trend means for offers and list strategy The shutdown's housing ripple effects, including the flood insurance lapse and an assignment tactic that may keep deals alive Why pending sales dipped even as new listings rose, and how to negotiate in a thinner buyer pool Auto loan stress, four-figure car payments, and what these budget pressures mean for future housing demand A tale of two consumers, plus a state-by-state look at recession risk and how that feeds into mortgage rates Action steps for buyers, sellers, and investors in a market that is cooling, not crashing Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders Property Manager Finder Dave's BiggerPockets Profile   Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/on-the-market-364⁠   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Shoot us a Text.Episode #1168: Today we're covering how top dealerships are building stronger workplace cultures, why subprime auto delinquencies are rising, and how Ferrari's first EV aims to keep its signature sound authentic.The Automotive News 2025 Best Dealerships To Work For study reveals what separates top employers from the rest — and it's more about people than paychecks.Winning dealerships excelled in communication, transparency, and trust — 88% of employees said they're “kept aware of the dealership's financial status” vs. just 65% at nonwinners.They lead with fairness: 92% of employees at top stores felt “paid fairly,” and were satisfied with their benefits, compared to 71% elsewhere.Flexible work options are gaining traction, with 48% of Best Dealerships offering four-day workweeks and 79% offering flexible hours.Health and wellness programs were a hallmark — 70% offered fitness reimbursements, and 75% trained managers to spot stress and burnout.“You build trust through being transparent,” said Tim Bergstrom, CEO of Bergstrom AutomotiveThe top dealership to work for in 2025 is Capitol Nissan Salem of the Capitol Auto Group, but we have some friends on the list including Mohawk Honda, 6 from the Rohrman Auto Group, 2 from the Matthews Auto Group and nearly 40 from Bergstrom AutomotiveThe U.S. auto market is showing signs of financial strain as more buyers fall behind on car payments. Rising prices, higher interest rates, and stagnant wages are hitting lower-income consumers hardest.Nearly 14% of new-car buyers now have credit scores below 650 — the highest share since 2016, according to J.D. Power.More than 6% of subprime auto loans are 60 or more days delinquent, a record high, Fitch Ratings reports.Roughly 1.7 million vehicles were repossessed last year — the most since 2009.Lender Tricolor Holdings filed for bankruptcy, underscoring the strain on borrowers with limited credit access.Ferrari's first EV, the Elettrica, won't fake the sound of a V8 — it's creating a new, authentic electric soundtrack. The brand's engineers designed a system that amplifies real motor vibrations to create a natural, emotionally engaging tone.Ferrari rejected synthetic engine noise and instead amplifies genuine drivetrain frequencies through a sensor on the rear axle.The sound activates only when the driver calls for torque, offering “dialogue between driver and car.”The system, developed in-house, works like an electric guitar — converting real vibrations into an audible, performance-linked tone.Ferrari hasn't yet revealed the sound to the public, though early testers reportedly praised it.0:00 Intro with Paul J Daly and Kyle Mountsier1:35 New Auto Collabs Episode with Michael Kraut of ExpJoin Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Danielle DiMartino Booth, CEO and Chief Strategist at QI Research, joins Julia La Roche in-studio following the Fed minutes. In this episode, DiMartino Booth highlights how the Fed quietly reclassified nearly $300 billion in loans on a Friday afternoon with no comment, shifting them from stodgy commercial categories into the "black box" of non-depository financial institution (NDFI) lending now totaling $1.7 trillion. She draws parallels to Enron as First Brands bankruptcy exposes what appeared to be an auto supplier was actually a financial using off-balance sheet vehicles, with subprime delinquency rates likely double reported figures. Elsewhere, Booth warns youth unemployment hit 1988 levels but from lack of demand not supply as companies blindly adopt AI without hiring, leaving the Class of 2025 worse off than 2024. She argues gold has become a "meme stock" with Wall Street firms' price targets signaling contrarian risk, while the government shutdown leaves the Fed "flying blind" without official data for their October 29th meeting.Sponsors: Monetary Metals: https://monetary-metals.com/julia⁠ Links: Danielle's Twitter/X: https://twitter.com/dimartinobooth Substack: https://dimartinobooth.substack.com/ YouTube: https://www.youtube.com/@DanielleDiMartinoBoothQIFed Up: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/07352116550:00 Hawkish Fed minutes - knife in Miran's back1:44 Fed insider on Miran controversy2:48 Did Fed want September cut?5:08 Shutdown means Fed flying blind October6:04 Gold and NASDAQ flying - unusual7:03 Gold as meme stock - contrarian warning9:50 NDFI loans - $1.7 trillion black box12:21 $250B loan reclassification bombshell13:14 Fed reclassified quietly on Friday14:17 First brands like Enron revelation16:21 Off balance sheet financing returns18:25 Subprime delinquencies likely double20:15 Is this systemic? Fed doesn't know21:28 Fed won't move without official data22:22 Challenger data horror at Fed24:52 Charts need gray recession bars25:12 Fed put born October 198727:32 Youth unemployment demand crisis30:02 AI adoption without hiring32:24 Parents worry kids made redundant33:20 First five years determine career35:48 Not sending kids to college37:11 Put faces on repo statistics38:47 Markets masking K economy39:01 Lowercase i economy concept

WWJ auto analyst John McElroy reports car loan delinquencies are causing some concern. (Photo: Getty Images)

- Tesla Q3 Sales Stun Critics - Cybertruck Selling in Middle East - BYD Outsells Tesla in BEVs - BYD Fleet Capable Of 1 Million Exports/Year - Sub-Prime Car Loans Send Warning Signs  - American Car Buyers Want $5,000 Discounts on EVs - Nissan To Launch Robotaxis In Japan - EU Calls for AV Strategy - Wuling Launches New Brand, Moves Upscale - S. Korean Workers Return to U.S. Battery Plant

- Tesla Q3 Sales Stun Critics - Cybertruck Selling in Middle East - BYD Outsells Tesla in BEVs - BYD Fleet Capable Of 1 Million Exports/Year - Sub-Prime Car Loans Send Warning Signs  - American Car Buyers Want $5,000 Discounts on EVs - Nissan To Launch Robotaxis In Japan - EU Calls for AV Strategy - Wuling Launches New Brand, Moves Upscale - S. Korean Workers Return to U.S. Battery Plant

Andy Mayers sees opportunity in subprime and other parts of auto finance. The associate vice president of business operations for retail solutions with Cox Automotive explained his reasons during this episode of the Auto Remarketing Podcast. Mayers also mentioned another part of the business where dealers and lenders are working even closer together nowadays.

Neste episódio bônus de Stock Pickers, Lucas Collazo explica a história da crise de 2008. Foi o ano em que o Lehman Brothers quebrou, a bolha imobiliária estourou e o mundo esteve a horas de um colapso financeiro total. Entre personagens como Michael Burry, Steve Eisman e Greg Lippmann, que apostaram contra o mercado e foram retratados no filme A Grande Aposta, e a queda dos gigantes de Wall Street, o episódio mostra como uma crise imobiliária quase destruiu o sistema global.Entre resgates bilionários, decisões polêmicas do Fed e do governo americano e a perda de confiança que paralisou mercados e empregos, a crise deixou cicatrizes profundas e lições que continuam atuais. Um episódio especial para entender o que realmente aconteceu em 2008, o impacto que ainda ecoa no mercado financeiro e a pergunta que não quer calar: qual (e quando) será a próxima bolha? 

For more information on 21shares and to sign up for their newsletter, visit https://bit.ly/3JTI4GQSubscribe @21Shares on YouTube: https://www.youtube.com/@21sharesFollow @21Shares on Instagram: https://www.instagram.com/21shares_/Follow @21Shares on Linkedin: https://www.linkedin.com/company/21shares-us/Follow @21Shares on X: https://x.com/21Shares_US----------------------------------------------------------------Sign up for our webinar on the Hidden Truth Behind Interest Rates:https://webinar.eurodollar-university.com/home----------------------------------------------------------------Everyone has been abuzz about Tricolor's bankruptcy. The subprime auto lender has already created hundreds of millions in losses and for some of the biggest banks. But the real story here isn't those hundreds of millions, rather the trillions in debt that is priced on financial variable that's otherwise impossible to pin down. Tricolor's bankruptcy just might shed some light on it. Will the financial world like what it could find?Eurodollar University's Money & Macro AnalysisFifth Bank 8-Khttps://www.sec.gov/ix?doc=/Archives/edgar/data/0000035527/000003552725000185/fitb-20250905.htmBloomberg Tricolor Trustee Targets 100,000 Auto Loans Stuck in Limbohttps://www.bloomberg.com/news/articles/2025-09-18/tricolor-trustee-seeks-control-over-100-000-subprime-auto-loansWired Recipe for Disaster: The Formula That Killed Wall Streethttps://www.wired.com/2009/02/wp-quant/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUDisclaimerThis video is sponsored by 21Shares. The information provided in this video is for educational and informational purposes only and should not be considered financial or investment advice. Investing involves risk, including the possible loss of principal. Products mentioned may not be available in all jurisdictions, and their suitability will depend on your individual circumstances. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.Eurodollar University's Money & Macro Analysishttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

The recent collapse of Tricolor Holdings, a subprime auto lender in Texas, has left a trail of losses and questions from Wall Street to low-income immigrant communities throughout the American south-west. The FT's US banking correspondent Akila Quinio, and Amelia Pollard, US investment correspondent, explain what they've found.Clip from Fifth Third- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Tricolor collapse sparks concern about health of US subprime auto sectorDebt linked to collapsed subprime auto lender Tricolor tumblesJPMorgan and Fifth Third face losses tied to collapsed subprime car lender- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Amelia Pollard on X (@ameliajpollard) and Bluesky (@pollard.bsky.social) and Akila Quinio on X (@akilazoe). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Shoot us a Text.Episode #1154: Ford gets creative to close Q3 with a subprime rate push on F-150s. New Jersey locks in fair pay for techs doing recall work. And Chick-fil-A jumps into the specialty drink race with a fresh new concept.Show Notes with links:Ford is making a bold push to close Q3 strong by offering promotional interest rates to subprime borrowers—an unusual but calculated move that underscores growing affordability challenges in the new vehicle market.The deal, ending this month, allows buyers with credit scores below 620 to access the same low rates typically reserved for prime borrowers.Ford is targeting this incentive to move more F-150 pickups, which now range from $39K to nearly $80K.With average monthly payments nearing $750 and interest rates at 6.4%, the brand sees affordability as a top barrier to closing deals.Extended terms of 72–84 months are increasingly common, and Ford's finance arm says only 3–4% of its 2024 loans qualify as “higher risk.”“We wanted to provide the opportunity to those with credit ratings that may not be perfect,” a Ford spokesperson said. “This could help offset rising monthly payments.”New legislation in New Jersey is giving dealership service departments a major boost—ensuring fair pay for recall and warranty work while holding automakers more accountable.The “Motor Vehicle Open Recall Notice and Fair Compensation Act” takes effect April 2026.Manufacturers must reimburse at retail labor rates, not discounted warranty rates.Automakers must also pay 1.5% monthly of book value for any “stop sale” or “do not drive” recall units sitting on lots.Illinois saw an annual $249M increase in warranty payouts after passing similar legislation.“This legislation represents a critical step forward… and ensures that automakers fairly compensate those who fix their mistakes,” said NJ CAR President Laura Perrotta.Chick-fil-A is entering the specialty drink wars with a new concept called Daybright, a standalone beverage-focused brand launching near Atlanta later this fall.Daybright will feature smoothies, cold-pressed juices, and specialty coffees—no chicken sandwiches here.Operated by Chick-fil-A's innovation arm, Red Wagon Ventures, the concept joins earlier spin-offs like Little Blue Menu and Pennycake.The new brand enters a booming beverage space already being chased by McDonald's, Taco Bell, and Wendy's.Competitors like 7 Brew and Dutch Bros have seen triple-digit growth as Gen Z flocks to drink-first concepts.0:00 Intro with Paul J Daly and Kyle Mountsier1:07 Huge Launch Announcement at MoreThanCars.com2:20 ASOTU Edge Webinar TODAY at 2PM on Cost-Cutting3:10 Ford Offers Low Rates To Sub-Prime Buyers5:29 New Jersey MandJoin Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Third-generation dealer Paul “PS3” Sansone III joins the Blue-Collar Twins to share how Sansone Jr's Auto Group balances 67 years of family tradition with social-media hustle, deep-subprime financing, and a brand-new Keyport Kia store. From rent-to-own experiments that became New Jersey Auto Lending to “Motivational Mondays” that fire up 25 salespeople, Paul explains the systems—and the mindset—that keep customers, staff, and community in his corner. Buzz EP 206 Paul Sanson… You'll hear: Subprime Mastery – why PS3 built an in-house “lease-here, pay-here” bank that boosts FICO scores by 140 pts on average.EZ Referral & TikTok Lives – turning marathon streams and a debit-card referral app into steady showroom traffic.Rent-to-Own Origins – the 2008 light-bulb moment that reshaped the family's finance model.Keyport Kia Dream – taking an 11-year college project from paper to grand-opening on June 9th.Motivational Mondays – money-green pants, weekly goal-setting, and the “trust the process” mantra.Giving Back – 400-meal Basket Brigade, Hope-for-a-Ride car giveaways, and why single moms stay top of mind.Next-Gen Vision – ten rooftops, nationwide DMS software, and keeping the Sansone name alive for 100 years. From PE Teachers to Pest Control Owners: The Julio Twins Share Their POTOMAC Experience https://youtu.be/HAx9noqsqTo https://www.linkedin.com/in/paulgiannamore www.potomaccompany.com https://bluecollartwins.com Produced by: www.verbell.ltd Timestamps (podcast.co-ready) 00:00 – Cold-open: beach-club memories and the “hot lifeguard” origin story 00:50 – Lifelong car passion & selling hot dogs at the dealership as a kid 03:35 – Sansone family tree: 67 years, three generations, five rooftops 05:55 – Breaking the “snaky car-sales” stereotype with relationship selling 07:00 – Daily training: every up is a coaching moment 08:35 – Presidents-Award Kia store & handing the desk to a new GM 11:00 – Rent-to-Own concept after the 2008 crash 12:45 – Birth of New Jersey Auto Lending: turning renters into owners 14:40 – Hope-for-a-Ride car giveaways to single moms 16:55 – Inside the lease-here, pay-here model and 75 % repeat business 19:10 – Building the Keyport Kia project first dreamed up in college 22:30 – Dealer-Controlled Solutions: exporting their DMS & finance playbook 25:20 – COVID's inventory roller-coaster—down to four cars on the lot 29:20 – Basket Brigade: 400 Thanksgiving meals in Neptune 30:35 – Motivational Monday videos & money-green-pants culture 33:00 – Social media plans with a full-time content team 35:25 – AI's future role in lead follow-up and CRM speed 38:00 – Family dynamics: clear lanes for dad, brother Michael, and cousin Steven 41:00 – Driving the 2025 Kia Telluride vs. a Range Rover—value breakdown 43:40 – Keyport Kia soft opening June 9 and summer car-giveaway promo 47:00 – Final advice: love your employees, community, and customers—success follows 50:00 – Outro and Masterclass CTA

Today's show features: Bill Vaughn, General Manager of Al West Nissan, Ed Petersen, CEO of Wrench, Ryan Knight, Director of Operations at Knight Automotive Group. This episode is brought to you by: BizzyCar – How are top dealers keeping service profits high—even in uncertain times? They're using BizzyCar—the “easy button” for turning recall opportunities into real revenue. Built by dealers, for dealers, BizzyCar's AI-powered Recall Management and Mobile Service Platform helps service departments reengage lost customers, fill service bays, and boost revenue. Try BizzyCar today and get a special offer only for CDG listeners at https://carguymedia.com/bizzycar Wrench – Want to boost your gross profits by selling prepaid maintenance, without a service center? This new offering levels the playing field between independents like me and the big dealers. Wrench TotalCare lets you offer mobile maintenance plans—oil changes, tire rotations, even brakes—all done at your customer's home. Your customers get convenience. You get more revenue on every deal. And if you're using DealerCenter, it's already built into your workflow for seamless upsells.Not on DealerCenter? No problem. Visit https://carguymedia.com/wrench_ddl and start earning on every deal today. Interested in advertising with Car Dealership Guy? Drop us a line here: ⁠⁠https://cdgpartner.com⁠⁠ Interested in being considered as a guest on the podcast? Add your name here: ⁠⁠https://bit.ly/3Suismu⁠⁠ Check out Car Dealership Guy's stuff: CDG News ➤ ⁠⁠⁠https://news.dealershipguy.com/⁠⁠⁠ CDG Jobs ➤ ⁠⁠⁠https://jobs.dealershipguy.com/⁠⁠⁠ CDG Recruiting ➤ ⁠⁠⁠https://www.cdgrecruiting.com/⁠⁠⁠ My Socials: X ➤ ⁠⁠⁠https://www.twitter.com/GuyDealership⁠⁠⁠ Instagram ➤ ⁠⁠⁠https://www.instagram.com/cardealershipguy/⁠⁠⁠ TikTok ➤ ⁠⁠⁠https://www.tiktok.com/@guydealership⁠⁠⁠ LinkedIn ➤ ⁠⁠⁠https://www.linkedin.com/company/cardealershipguy/⁠⁠⁠ Threads ➤ ⁠⁠⁠https://www.threads.net/@cardealershipguy⁠⁠⁠ Facebook ➤ ⁠⁠⁠https://www.facebook.com/profile.php?id=100077402857683⁠⁠⁠ Everything else ➤⁠⁠⁠ dealershipguy.com