My comment: First 3-6 months of 2017 may be good but the second half will bring it all down. The consumer is stretched to the limit. Those higher rates will do the housing market in and the strong US$ will bite into corporate earnings. Debt, debt, and more debt under Trump.
6 million borrowers are 90 days late on their car loans : http://money.cnn.com/2016/12/01/investing/subprime-unpaid-auto-loans/index.html?iid=hp-stack-dom Roughly six million auto borrowers with shoddy credit scores are at least 90 days late on making their loan payments, according to new figures released by the New York Federal Reserve. The percentage of delinquent subprime auto loans has raced to the highest level since 2010.
Since the end of the Great Recession, there's been an explosion of auto loans, growing to more than $1.1 trillion. That, along with a far stronger economy, has helped fuel a boom in U.S. auto sales.
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