If subprime auto delinquencies continue to rise and the risks continue to grow, it will be cold comfort to those who saw it coming, if they haven’t taken protective measures. There’s no glory being on the wrong side of right.
Red and blue is the new black and white, but the country could use a lot more purple. Seems few can take a position publicly these days unless it’s extreme – whether it’s a political debate or the meaning of the New York Fed’s recent Quarterly Report on Household Debt and Credit showing an uptick in subprime auto delinquency. Intelligence includes the ability to see the other side’s point of...
If you want to know the truth, no one can really predict the future of any market by themselves; everyone is limited by data and perceptions. Without shared knowledge and experience, the future remains a puzzle only time can solve. Where there is limited information, J.D. Salinger’s prediction is inevitable: “the fact is always obvious much too late.”
Joseph Cioffi was quoted in a Structured Credit Investor article, “Junior Demand: Credit Enhancement Concerns Raised,” February 8, 2019.
Joseph Cioffi contributed to a Blueshift Research report, “Subprime Loans Set to Grow in Personal and Mortgage But to Fall in Auto,” January 23, 2019.
Joseph Cioffi was quoted in an Auto Finance News article, “2019 Survival Guide: How Lenders Are Planning for the Year Ahead.”
Joseph Cioffi was quoted in an Auto Finance Excellence article, “Risk Factors to Watch in 2019.”
