Consumers Will Be Next Domino To Fall, Signaling Broader Economic Slowdown Ahead

We’re beginning to see more evidence that suggests the consumer is the next domino to fall. Cracks are developing across the auto loan spectrum as subprime defaults accelerate at rates not seen since the dark days of 2008. The whole mid-cycle narrative is nothing more than a fairytale, as Wall Street’s big bet on a healthy consumer might only end in disaster.