Consumer Credit
topic on 3 shows · 6 statements across 6 episodes
6 statements about Consumer Credit, every show
General Motors Auto Loans Normalized American Consumer Debt In 1919
“It wasn't till 1919 that people were even started to think about taking on debt or anything like that in the country to then go trade. It was really a function of General Motors, by the way. General Motors started loaning money to people to buy cars. That was,…”
Friedberg: Consumer credit will hit a wall in 2023 as defaults rise
“And so I think we're going to run into a real wall with respect to consumer credit in sometime this year. And you're going to see, As you guys know, it's such a complicated, interwoven market of assets, that the way that this can be traded, there's a lot of di…”
Friedberg: Cascading consumer credit defaults could hit over next few quarters
“I'm just concerned there's a lot of loans out there, a lot of buy now, pay later, a lot of stuff that, that has floating rates attached to it. If we're gonna have a recession, we're gonna see job loss, you're gonna see these and by the way, these auto loan por…”
Friedberg: US consumer credit jumped $60B in a single month
“Sachs's point is like, I mean, the number was sixty billion of new consumer credit last month, which is like something we haven't seen in a very long time as consumers try and bridge this gap to afford the things that they've gotten used to spending money on. …”
Gig platforms outsource embedded credit to avoid debt bondage reputational risk
“At the end of the day, it's still quite heavily regulated in consumer credit business, meaning the barriers for entry are quite high and you do carry underwriting and default risk, meaning that you need to have a proper treasury collection and credit risk func…”