Compounding the Problem -- Credit Bubble Bulletin by Doug Noland

PrudentBear.com ^ | 11/28/03 | Doug Noland

[imawit]

Can someone splain why some of my junior stocks stopped trading at noon ?

Actually makes a great opportunity to load up on som more.

[imawit]

Well, who ever pounded gold for whatever reason, it did turn out to be a get it while it's cheap at mid session and a bunch took advantage.

Makes above $400 really look strong !

[razorback-bert]

these deals are also creating riskier auto loans

As I have posted before, a friend of mine has been in the used cars business for over twenty years and made a very good living in it. Now, he tells me, he is getting out, because the big multi-dealers are opening(with different names) lots to sell their upside down fleece deals and are competing with him with advantages in size, financing (sub prime [18%+] and dealer recourse) and access to cars that he doesn't have.