Nobody Special Finance

Subprime Auto Delinquency Hits Record, Bessent Floats Stimmy Checks


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New data from Fitch this morning shows that more subprime borrowers than ever are now 60 days delinquent on their car payments as prices and interest rates have exploded, even in recent days. Elsewhere Treasury Secretary Scott Bessent in an interview this morning floated the idea of $2,000 "tariff rebates" (stimmies) for people making less than $100K per year.

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Nobody Special FinanceBy Nobody Special Finance