iBankCoin

What the Fuck is This Guy’s Problem?

Jim Grant has been talking greasy for decades. I’m sure this ghoul, before putting on his obnoxious bow tie, eats human flesh for breakfast.

Now I’ve listened to what this guy had to say for a long time, most of which was comprehensible and thoughtful. But calling the automobile lending area ‘a place of trouble’ is going too far — and it’s fucking ridiculous. I can’t let him get away with it any longer.

The gig is up, Grant.


Jim Grant, SAD!

Whilst markets are hitting record highs, he’s warning you, the loser glued to CNBC, of skyrocketing auto loan delinquency rates, +0.05% to 0.87%. He furthered his diatribe, all but casting a gloomy pall on the auto sector, an homage to detrimentality and the like, with the forbearance of a stoic winter owl — that used car prices had fallen by 6.5%!

JESUS FUCKING CHRIST.

Any idea how small 0.87% is in the big scheme of things?

Literally nothing.

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18 comments

  1. cancel19

    Don’t trust fuckers that don’t drink and fucks that wear bow ties.

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  2. JakeGint

    Wow, no one has any comment on Jim Grant? Well, I for one must proclaim my astonishment at his seemingly incalculable youth. Hasn’t this fucker been writing that letter since his father, Cary, starred in the infamous romp “The Bachelor and the Bobby Soxer?”

    A blood suckling night transient, no doubts.

    ____

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  3. longview

    Trump voter.

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  4. stockslueth

    It’s the 2008 sub-prime crisis all over again, don’t worry and everything is fine.

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    • it is showtime

      “GM Pickup Incentives Surge Over 80% As Auto Bubble Continues To Show Signs Of Bust”

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  5. ironbird

    Hating on anything Trumpian turns all into “ghouls”. It is a fact. That Man Kelly at fox fake news was the first. Face just melts and morphs into not good things.

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  6. mushroomz

    That’s Bill Nye the science guy

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  7. matt_bear

    0.87% rounds up to 1%. So the other 99% is ok.

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  8. bob smith

    Don’t dismiss this guy too quickly. His IQ is roughly double that of most of the readers here. Just sayin’

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  9. dragun

    Used to be a joke in the office. Bow tie add 5 IQ points, British accent +10, southern accent -20.

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  10. zola

    For all things Auto, the Wolfman is your goto for scandalous gossip. Things are more bubblicious than than the bowtied one dares to whisper.

    Hopefully it will be the subhuman subprime BANKSTERS and not the dumb money running your pension and insurance fundies. Here you go: http://wolfstreet.com/2017/02/16/seriously-delinquent-auto-loans-subprime/

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  11. jjames69

    jim grant is a libertarian not a trump supporter, and one of the few economists worth his salt.

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