Based on car sales in the first half of 2015, we're on pace to beat the 17.4 million vehicles sold back in 2000.
But there's a troubling flip side to that retail boost to the economy...
You see, relatively low borrowing costs and a sympathetic bond market have helped push total U.S. auto debt to $1.01 trillion - the highest level ever.
That hasn't stopped American auto production from screaming upwards, though.
Based on car sales in the first half of 2015, we're on pace to beat the 17.4 million vehicles sold back in 2000.
But there's a troubling flip side to that retail boost to the economy...
You see, relatively low borrowing costs and a sympathetic bond market have helped push total U.S. auto debt to $1.01 trillion - the highest level ever.
That hasn't stopped American auto production from screaming upwards, though.
Stock Market Today, Feb. 3: U.S. stocks closed down Monday after a rough trading session on the heels of a disappointing report on U.S. manufacturing and ahead of a busy week for economic indicators.
The Dow Jones Industrial Average closed down 326.05 points, or 2.1%, at 15,372.80 points; the S&P 500 Index closed down 2.28%, or 40.7 points, at 1,741.89; and the Nasdaq Composite Index closed down 2.61%, or 106.92 points at 3,996.96.
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