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Take Advantage of Record-High Auto Sales... Before This Bubble Bursts
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.