BREAKING: $1.7T auto loan market heading for a crash 🚨
Auto loans just flipped credit cards as the #2 household debt source in America.
The numbers are brutal:
• 20% of Americans behind on at least one loan (highest since 2010)
• Average car age: 13 years (all-time record)
This is your canary in the coal mine. When people can't afford cars, they can't get to work. When they can't work, they can't pay other debts.
Macro risk is building. Watch for credit contagion → consumer spending collapse → recession narrative.
If you're long risk assets, this is your wake-up call. DeFi narrative might catch a bid as TradFi credit markets seize up.
Stay liquid. 👀
Auto loans just flipped credit cards as the #2 household debt source in America.
The numbers are brutal:
• 20% of Americans behind on at least one loan (highest since 2010)
• Average car age: 13 years (all-time record)
This is your canary in the coal mine. When people can't afford cars, they can't get to work. When they can't work, they can't pay other debts.
Macro risk is building. Watch for credit contagion → consumer spending collapse → recession narrative.
If you're long risk assets, this is your wake-up call. DeFi narrative might catch a bid as TradFi credit markets seize up.
Stay liquid. 👀