(Bloomberg) — American Car Center told employees the business was closing its doors, a day after it pulled a $222 million bond sale from the market, according to people familiar with the matter....
Tag: subprime
‘Big Short’ Burry Says Crypto Has a Problem Similar to the Subprime Crisis
Since the unexpected bankruptcy of the FTX cryptocurrency exchange on Nov. 11, the crypto space has been trying to play the game of transparency. The firm collapsed in a few days in the face of massi...
Goldman’s (GS) Apple Card business has a surprising subprime problem
The weakest American borrowers are starting to miss payments and default on their loans, and that is showing up at a surprising place: Goldman Sachs. While competitors like Bank of America enjoy repay...
No Relief From High New Car And Truck Prices; Subprime Loans Hit Hardest
A dealership shopper looks at a window sticker. Getty Images There’s still no letup in sight for high new-vehicle prices, despite some factors that could dampen consumer demand — like higher interest ...
High Prices For New And Used Cars Squeeze Out Borrowers With Subprime Credit
A CarMax lot holds hundreds of used cars and trucks in Gaithersburg, Md. Getty Images Consumers with good credit are buying more used vehicles, likely because used vehicles are relatively more availab...
Nobel Laureate Paul Krugman Compares Crypto to Housing Bubble and Subprime Crisis – Economics Bitcoin News
Nobel Prize-winning economist Paul Krugman has compared the current state of cryptocurrency to the housing bubble and the subprime mortgage crisis. Noting that crypto lacks any real value, he said: “i...
Crypto Markets Are ‘Bigger Than Subprime Mortgages Before the Financial Market Crisis’ – Bitcoin News
Pablo Hernandez de Cos, governor of the Bank of Spain, has again warned about cryptocurrencies and the growth that the crypto market is experiencing. Hernandes de Cos stated that, while the market is ...
Paul Krugman Likens Crypto Plunge with Subprime Mortgage Crisis
In his opinion piece published in The New York Times on Thursday, January 27, Paul Krugman, a Nobel Prize-winning economist and a longtime crypto sceptic, compared the recent cryptocurrency crash with...
Nobel Laureate Paul Krugman Likens Crypto Market to Subprime Mortgage Crash — Warns Regulators Are Making the Same Mistake – Featured Bitcoin News
Nobel Prize-winning economist Paul Krugman sees parallels between the crypto market and the subprime mortgage crash. “There’s growing evidence that the risks of crypto are falling disproportionately o...
The New York Times calls crypto “the new subprime”
Economist Paul Krugman, writing for the New York Times, drew parallels with crypto and the subprime crisis of 2008. In his scathing opinion piece, Krugman made mention of the near 50% drawdown in tota...
Paul Krugman Says Bitcoin Resembles Subprime Mortgages. Is He Right?
Paul Krugman is a Nobel Prize-winning economist with a huge microphone. The former MIT and Princeton professor has used his regular column in The New York Times to advocate for free trade, clean energ...
Paul Krugman says crypto has ‘disturbing’ parallels with subprime
Nobel Prize-winning economist Paul Krugman. Panayiotis Tzamaros | ullstein bild via Getty Images Nobel Prize-winning economist Paul Krugman has given an ominous warning about the volatile cryptocurren...