Friday, May 05, 2017

Um, did the auto sector just turn really scary?

State Farm Profit Falls on $7 Billion Auto Underwriting Loss.

The only reason I really noticed this was because last night on my local news they were talking about State Farm closing some branches up North. Which seemed really unusual to me. Then they dropped that bombshell.

It was especially vague - but I wonder if this has to do with car loans. That is a lot of money.

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