Moodys Warns Of Deteriorating Auto Loan Quality

The economy is expected to expand in 2018, with projections for stock market performance clocking in at 8% basis Goldman Sachs. But not all is well –  a Moody’s report notes that specific asset sectors are struggling, particularly when it comes to  car loan quality worsening. [klarman] As wage growth is non-existent in some job categories, loan quality becomes a challenge Moody’s anticipates that US GDP growth will strengthen slightly to 2.3% in 2018 from 2.2% in 2017, with unemployment also continuing to move lower to 4.0% from 4.4%. Despite this, some pockets of borrowers are experiencing strain despite the…