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While Subprime Auto Loans Default, Their Bonds Somehow Keep Performing
While Subprime Auto Loans Default, Their Bonds Somehow Keep Performing
America’s subprime auto market has become a fascinating example of how financial engineering can remain remarkably healthy even while the consumer sitting underneath it is getting progressively sicker, according to Bloomberg.
Bloomberg recently dug through nearly 3 million auto loans originated by Exeter Finance, Santander, Carvana and GM Financial and subsequently stuffed into publicly traded asset backed securities between 2021 and 2023. What emerges from the data is a system built with enough interest, fees and collateral protection that borrowers can...
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Aug 10, 2026 / Tyler Durden
Dramatic Footage: Chinese Long March-7A Rocket Explodes Shortly After Liftoff
Dramatic Footage: Chinese Long March-7A Rocket Explodes Shortly After Liftoff
In the intensifying race to dominate the next frontier, the space economy, China's gap with the US may have widened after one of Beijing's new-generation Long March rockets exploded shortly after launch earlier today. This is great news for America's commercial and national-security space ambitions.
The South China Morning Post reports that the 60-meter rocket, which launched from the Wenchang Space Launch Site on Hainan Island late Monday, erupted into a fireball less than 90 seconds into the flight.
SCMP noted:
Space observers...
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Aug 17, 2026 / Tyler Durden
Half Of Typical US Family's Paycheck Swallowed By Housing, Childcare
Half Of Typical US Family's Paycheck Swallowed By Housing, Childcare
Authored by Andrew Moran via The Epoch Times,
Typical families in the United States spend half of their income on housing and childcare, according to a report released on Aug. 17 from the real estate platform Redfin.
A man holds a baby outside a coffee shop in Washington on March 11, 2026. Madalina Kilroy/The Epoch Times
Based on data from Redfin and childcare marketplace Winnie, the typical working family purchasing a home today spends 52 percent of their annual income on housing and...
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Jul 13, 2026 / Tyler Durden
Believe All Women - Unless They're Inconvenient
Believe All Women - Unless They're Inconvenient
Authored by Frank Salvato via The American Spectator,
The political Left has spent years promoting the slogan "Believe All Women," using it as a powerful weapon against conservatives, especially during critical events like the Brett Kavanaugh confirmation hearings. But this mantra has never been about seeking justice or protecting victims; instead, it serves as a cynical tool for gaining power - a way to undermine opponents while conveniently overlooking the serial abusers, gropers, and predators within their own ranks.
When the alleged victims are conservative...
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