The Fuse on the Subprime 2.0 Debt Bomb is About to Ignite
The Subprime 2.0 story is now gaining traction in the financial media. By way of brief review, here is the template for Subprime 1.0 (the mortgage meltdown). 1) Banks, hungry for profits, began issuing mortgages to sub-prime borrowers (people who couldn’t possibly pay the loans back). 2) Housing prices and sales began to fall. 3)
The post The Fuse on the Subprime 2.0 Debt Bomb is About to Ignite appeared first on Gains Pains & Capital.
Source: http://gainspainscapital.com/2017/05/04/fuse-subprime-2-0-debt-bomb-ignite/
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