UBS: Consumer Defaults Will Spread As Borrowers Simply Stop PayingRupert Hargreaves
Over the past couple of months, the rising number of auto loan defaults has sparked concerns on Wall Street that another credit crisis is brewing. Steve Eisman, who famously predicted the 2008/09 financial crisis is just one of the high-profile figures warning of the dangers of consumer credit stress, and his warning should not be taken lightly.
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