Just wondering if Mr. Wolff has a position/opinion on sub-prime auto loans and also the recent trend: securitization of single family rental homes (SFR's) by companies like Blackstone? What's the probability that these type of securities could be mismanaged similar to what occurred with the sub-prime mortgages crisis? Does this likely culminate in another impending crisis? Thanks for your consideration....
What you refer to as mismanagement is already well underway. The global glut of savings - as the rich accumulate but have nowhere to invest because they have impoverished the potential mass buyers of products - provokes and feeds all sorts of securitizations and other ways to squeeze returns for savings....leading to dangerous risks just as the parallel processes did leading up to 2007/8.
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