Subprime auto loan delinquencies surge, mortgage market crashes, buyer demand plummets.

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As ominous signs of economic distress emerge, the US teeters on the brink of a financial precipice. Subprime auto loan delinquencies soar to 2008 levels, signaling an impending crisis fueled by a doubling of delinquency rates in just three years. Simultaneously, the housing market grapples with a catastrophic collapse, with mortgage demand plummeting to its lowest levels since 1995, spelling disaster for home sales and igniting fears of a prolonged downturn. Amidst the chaos, warnings abound of an unprecedented decline in home buying conditions, painting a dire portrait of economic stability unraveling before our eyes.

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