Move over housing bubble, it’s autos’ turn
A bubble on wheels?
As if housing bubbles weren’t enough to keep markets up at night, a new one has been bubbling up. As the New York Times reported earlier this year, some lenders may be extending loans for new cars to people who can’t really afford them. Sound familiar? And with many consumers already neck-deep in mortgage debt, the last thing they (or lenders) need is another segment in trouble. In Streetwise, Tim Kiladze looks at the growing concerns.