How to Play the BNPL (Phantom Debt) Bubble

How Smart Investors Can Hedge Against the Subprime Risks of the Buy Now, Pay Later (BNPL) Boom and Eventual Meltdown.

“Buy now, pay later” may be a consumer convenience, but it's a signal flare for investors. A fast-growing, largely unregulated financial product with ballooning exposure to subprime borrowers? That’s…