A renewed round of tariffs against China by president Trump dented bullish sentiment, but nothing appears able to stop the S&P which is just 14 points from making a new all time high, a goal it will likely achieve today.
"For decades, Turkey appeared to be a bastion of stability for the defensive orientations of NATO. But the emergence of Recep Tayip Erdogan and his AKP (Justice and. Development Party) to the forefront of Turkish political life has shaken these firm foundations. "
Lenders are extending longer loan terms that are more prone to default, to consumers who are taking on the most debt since the "recovery" started. Don't worry - it's not "sub-prime", it's "near prime".
The default rate for subprime auto loans reached the highest since 1996, at 5.8%, according to latest Fitch data; this is well above the comparable March default rate in the low 3%'s hit during the peak of the financial crisis.