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Liberty News ForumLNF Forums HereEconomics, Financial News › - are we in a debt bubble? - private or government debt?
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SapphireSpire
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Re: - are we in a debt bubble? - private or government debt?
Reply #20 - Aug 6th, 2016 at 3:46pm
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admin wrote on Apr 2nd, 2016 at 5:56pm:
- are we in a debt bubble?
- private or government debt?
- if or when will it burst?
- what will be the result?

I believe the current consumer debt bubble is in the auto loan industry because auto prices are as absurd as home prices were back in 2006.  Bubbles tend to burst once borrowers begin to default in mass and that can happen for any number of reasons so it's impossible to predict.  But it will happen and when it does we will see similar effects that we saw when the housing bubble burst.  There will be lots of repossessions and a stiffening of credit requirements for new auto loans resulting in a sharp decline in auto sales.  Unless dealers are able to reduce prices, consumers will be forced to use cheaper transportation, smaller vehicles, motorcycles, bicycles, taxis and public transportation.
  

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Re: - are we in a debt bubble? - private or government debt?
Reply #21 - Jan 17th, 2017 at 11:06am
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SapphireSpire wrote on Aug 6th, 2016 at 3:46pm:
I believe the current consumer debt bubble is in the auto loan industry because auto prices are as absurd as home prices were back in 2006.  Bubbles tend to burst once borrowers begin to default in mass and that can happen for any number of reasons so it's impossible to predict.  But it will happen and when it does we will see similar effects that we saw when the housing bubble burst.  There will be lots of repossessions and a stiffening of credit requirements for new auto loans resulting in a sharp decline in auto sales.  Unless dealers are able to reduce prices, consumers will be forced to use cheaper transportation, smaller vehicles, motorcycles, bicycles, taxis and public transportation.

There are a number of debt bubbles growing:
Sub par car loans both new and used
Student loans
Housing
Credit Cards

It appears that there are a number of people who learned nothing from the housing bubble collapse in 2008. Wages remaining flat and through banking industry encouragement, people are supplementing with increased borrowing. Instant gratification is our down fall. That by extension goes for politics also. Vote buying by borrowing is alive and well in all levels of government.
  

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Re: - are we in a debt bubble? - private or government debt?
Reply #22 - Jan 24th, 2017 at 10:17am
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It was reveled over the weekend of the Inauguration that the problems with the Student Debt Program are much more widespread than previously thought. The total has grown to $1.4 trillion and up to 50% are in arrears or default. When the investors fully realize that there is a potential across the board default they won't be buying the bonds. Who stands behind it then, the taxpayer?
  

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