Everyone thinks the market is fine. It’s not. Liquidity isn’t oxygen when the house is burning.

Absolutely agree!

It is much much worse …. right now…. and we are getting closer to the beginning of it.

The Financial World is again arrogant and blind. Its disciples again believe that “liquidity” can solve everything. Market can hold up.

They do not look at the extremely clear signs, that there is a bubble and a credit risk – and that the economy is slowing. And they don’t care!

Not “there” yet…. but damn…. we are closing in!

WAKE UP!

https:/twitter.com/danielisdizzy/status/1981436070915936352

Yield Curves UnInverted. Is this time an exception without Recession/Depession? I dont think so! We are probably months away from major market event.

Wall Street on alert as ANOTHER subprime lender goes bankrupt as 2008-style crisis grows

Subprime lender PrimaLend Capital Partners has filed for bankruptcy, in another sign that low-income Americans are under strain.

The Plano, Texas-based company provides financing to auto dealerships focused on subprime borrowers – which are those with poor or no credit.

The company filed for bankruptcy after months of negotiations with creditors following missed interest payments on its debt, Bloomberg reported.

It is the latest in a string of similar bankruptcies, and comes amid mounting concerns about Americans falling behind on their car loans.

This consumer stress is sparking fears that trouble may be lurking for the US economy after years of easy credit, echoing the run up to the financial crisis in 2008.

Car repossessions are surging across the US, and millions more are at risk of losing their vehicles as they struggle to keep up with rising payments.

This pressure on consumers means lenders to businesses that finance subprime loans must be extra cautious, Donald Clarke, president of Asset Based Lending Consultants, told the outlet.

‘Pay attention. Don’t fall asleep,’ he said. ‘You need financial statements from your borrowers now, tomorrow, every month. Not in a few months when a whole new slew of defaults could have already hit.’