april 24, 2012 - charts that count
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8/2/2019 April 24, 2012 - Charts That Count
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April 24, 2012
Charts That Count US Student Loans - See Any Similarities to the US Housing Market?
$1 trillion (yes with a "t") and counting. US student loans are a prime candidate to be the source ofa future financial crisis with the predictable QE response, bank bail-outs and all around moneysupply shenanigans. It is estimated that $85 billion in student debt was delinquent in Q3 of2011. The use of debt to fund post-secondary education in the US has risen sharply over theyears:
Total U.S. student-loan debt has reached almost $1 trillion.
None of this will come as a surprise to those acquainted with the basic economic concept that you
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