Submitted by Pater Tenebrarum of Acting-Man blog,
Sub-Prime Car Loans See a ‘Sudden Jump in Late Payments’
We have commented a few times on the slightly diffuse character of the echo bubble, which has infected a great many nooks and crannies of the economy. One of the areas which has experienced an enormous boom was the sub-prime auto loan sector. It seems however that the party in this sub-sector of the bubble economy is in the process of ending.