Wagon of Fools by Hendrik Gerritsz Pot, 1637,  representing the Dutch Tulip Mania and the quest for riches… Image with acknowledgment to Wikipedia

Recently, this author discussed the rapid increase in auto-finance delinquencies that need to be seen as just one component of a growing bubble. The argument, which focused on the role credit rating agencies are playing in the expansion of this consumer credit bubble, essentially called for a widening of our perspective when looking at the issue, on the basis that failing to do so, so close to the last Financial Crisis, could have dire effects.In June, the

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