by Andrew Hoffman
Miles Franklin
It’s Thursday morning, and there are nearly a dozen “PM bullish, everything-else-bearish” headlines worthy of distinct articles. Such as…
1. This shocking, and hilarious, segment of the John Oliver show, depicting how subprime auto lending has officially reached the destructive lunacy of the 2007-08 subprime mortgage market. Not to mention, subprime student lending, as a whopping 37% of the $1+ trillion, government-underwritten student loan “market” is now delinquent.
2. Obamacare is literally on the brink of collapse, with insurers losing $2 billion in 2015 alone, and pulling out of the program en masse
3. The “shocking” news that Central banks, led by China and Japan, have sold a whopping $335 billion of U.S. Treasuries this year, suggesting the only “buyers” are a covertly acting Fed, and leveraged speculators betting on “QE to Infinity”