Sales & Marketing news

• 'Subprime credit losses are accelerating': An increasing number of Americans have stopped paying their car loans

  26-03-2017 19:31 via feedproxy.google.com
  
  The auto loan market is showing signs of stress.
  US auto loan and lease credit loss rates weakened in the second half of 2016, according to a new report from Fitch Ratings, which said they will continue to deteriorate.
  "Subprime credit losses are accelerating faster than the prime segment, and this trend is likely to continue as a result of looser underwriting standards by lenders in recent years," said Michael Taiano, a director at Fitch. 
  We've written about this topic before. Losses
  
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• The world's largest hedge fund just published a 61-page paper on populism that says the movement is at its highest level since the eve of WWII

  26-03-2017 19:17 via feedproxy.google.com
  
  Bridgewater Associates, the world's largest hedge fund, on Wednesday published a 61-page research paper on populism, which it considers the most important issue in the world today.
  "Populism has surged in recent years and is currently at its highest level since the late 1930s," founder and chairman Ray Dalio and his coauthors wrote in the note.
  The authors say they consider today's strain of the ideology to be "much less extreme" than it was before the start of World War II in 1939. But at the
  
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• The US economy is sounding an alarm that everyone is ignoring

  26-03-2017 17:04 via feedproxy.google.com
  
  President Donald Trump and other proponents of scrapping the post-financial-crisis regulations imposed on Wall Street argue that red tape is preventing banks from lending and hurting the economy.
  It's true that firms have been borrowing less in a sign they are still uncertain about the economy's prospects, despite record-breaking rallies in the stock market.
  Here's the rationale Trump offered last month for his promise to "do a number" on Dodd-Frank financial-reform rules.
  "We expect to be cutti
  
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• No, tax cuts aren't going to be any easier than 'Trumpcare'

  26-03-2017 14:13 via feedproxy.google.com
  
  "Who knew health care could be this complicated?" President Donald Trump proclaimed just weeks before his long-promised plan to replace his predecessor's signature healthcare law collapsed in a huge political defeat.
  As the administration attempts to put the loss behind it and, to Wall Street’s glee, pivot to the issue of tax reform, here’s a newsflash: Taxes are really complicated too.
  On the face of it, it would seem like tax cuts would be fairly simple for a Republican president b
  
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• One of Wall Street's most steadfast bulls is worried about stocks (SPY)

  26-03-2017 13:40 via feedproxy.google.com
  
  Fundstrat's Tom Lee is worried about the stock market after being one of its biggest bulls for eight years.
  In a note sent to clients on Friday, Lee said several factors that had supported his views on the market, including attractive valuations and central-bank support, had turned neutral or possibly negative.
  "Many of these factors have become neutral and potentially headwinds," Lee said.
  "We see the conditions in place for a 1H drawdown, although our original 2150 target does seem awfully har
  
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• Snapchat is more like Twitter than Facebook in one important area (SNAP, TWTR, FB)

  26-03-2017 13:21 via feedproxy.google.com
  
  Snap Inc. has "elevated credit risk," based on a score estimated by S&P Global Market Intelligence.
  The Snapchat parent offered its shares to the public on March 2 and is not yet issuing corporate bonds. Still, S&P examined its credit quality relative to where a few other tech companies were at their initial public offerings, and it also considered what the score may look like in the future.
  "Snap's credit score denotes elevated credit risk, more specifically, it would equate to a 4.45%
  
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• Treasury Secretary Mnuchin says AI taking US jobs is '50-100 years away' — but it's already beginning to happen

  26-03-2017 12:15 via feedproxy.google.com
  
  On Friday, US Treasury Secretary Steven Mnuchin answered a slew of questions in an interview with Axios' Mike Allen about the global economy and US labor market, including about the threat of artificial intelligence (AI) affecting American jobs.
  Mnuchin is not overly worried. Concerns about AI and jobs are so far way "it's not even on our radar screen... 50-100 years" away, he said, according to Axios.
  "I'm not worried at all" about robots displacing humans in the near future, he said,
  
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