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So… two of the largest autoloan lenders basically were signing off on loans without proving the person even had a JOB either roughly half the time or roughly ALL the time.

As usual... stocks are completely clueless.

Those banking on the world continuing to muddle through are in for a rude awakening.

The $USD/Yen prop is now actively being pulled.

The market rig of the last two weeks has finally ended.

Thank the Bank of Japan for it.

Since 2009, roughly 1/3 of all new auto-loans have been subprime. That in of itself is bad, but we are now discovering that the industry in general has a problem with fraud (shades of the Housing Bubble) as well.

Buckle up, because it’s a long ways down to where the rig first began.

The market is being propped up by just a handful of companies... and their fundamentals are rolling over.

Stocks LOVE market rigs in the short-term. But those same rigs always end HORRIBLY down the road.

Once again, the experts will look back and wonder "why?" But the answer is right in front of us now.

In terms of the above template Subprime 1.0 Template, we’re currently at #3 and on our way to #4.

Zero growth and garbage loans? This is SUB-PRIME 2.0.

It’s now just a matter of months before the defaults start hitting.

Stocks are MOST susceptible to violent drops (or even Crashes) when illusions are shattered. The illusion of major changes to the US economy is about to be shattered.