No One Cares About Subprime Auto Market – Should We?
Jamie Dimon, head of JPMorgan Chase during a call with investors last July noted his growing worry about the “stretched” automotive loan market. Dimon noted that while he does not believe it is “a systemic issue” there are considerable risks. If Dimon’s record speaks for anything, be worried and know that it will likely be much worse (Wall Street does not have a great record for calling crashes – hell, look at 2008).
Take a look at this inforgraphic…….