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Delinquent Auto Loans Are Climbing

As the chart below shows, the number of auto loans that are more than 90 days delinquent is climbing. Among the reasons: More loans to less credit-worthy consumers.  This often occurs in mature stages of economic booms as a way for the automobile industry to bolster sales.

Delinquent Auto Loans Are Climbing
Delinquent Auto Loans Are Climbing

Brad Lamensdorf

Brad Lamensdorf, the founder and portfolio manager of Active Alts, is a principal and co-manager of the AdvisorShares Ranger Equity Bear ETF. He previously managed a long-short investment partnership from 1998-2005 under the name Tarpon Capital Management. Earlier in his career Mr. Lamensdorf was an equity trader/market strategist for the Bass Brothers’ trading arm. He managed a short only portfolio in addition to co-managing a $1bil hedging program. He also served as in-house market strategist for the entire internal and external network of Bass Brothers money managers.

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