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Debt Structure Will Lead to Disaster

Debt Structure Will Lead to Disaster - The Bubba Show
Original air date:  April 0, 20165

Todd "Bubba" Horwitz on Liberty Talk FM - Image Rotator Photo

BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: April 05, 2016

Student Loan & Sub-Prime Auto Debt Continues to Balloon

Today on The Bubba Show, Bubba talks about the importance of education and understanding markets, while making the call for the top of this market. Bubba shares his Monday Night Strategy Call with listeners where he breaks down all of the markets and what to expect. Bubba shows market charts and highlights gold and oil, telling everyone he expects oil to go lower, while gold could break out to the upside.

The debt structure in this country is leading to a disaster, student loan and subprime auto debt is bigger than the housing crises. This time around, the debt is made worse because of the assets that back the debt. At least in 2008 they had hard assets as collateral, versus now we have student loans which have no value along with depreciating automobiles.

Bubba wonders how investors can fool themselves yet again buying with reckless abandon and no regard for price and time. It’s with amazement that Bubba looks at investors and pundits who continue to push and talk markets up like it’s the 1990’s and they are giving things away for free.

Tesla, Amazon and others are going up in a parabolic phase. Amazon is a stretch, but at least they make money. Tesla, on the other hand, is a joke and yet there are experts proclaiming to buy them with both hands. At some point, you need to take a dose of reality and realize they are not of this world.

 

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Todd Horwitz began his career in the financial industry as an option market maker at the Chicago Board of Options Exchange in 1982 and was one of the founding traders in the SPX pit. He is an active member of the am currently a member of the Chicago Board of Trade.