Jim Willie, founder and editor of Goldenjackass.com, speaks about coming Bank Runs, Bank Nationalizations, Bank Holiday's and Gold. (Part 1 and Part 2.)
Showing posts with label $1 trillion. Show all posts
Showing posts with label $1 trillion. Show all posts
Wednesday, June 6, 2012
Jim Willie on Bank Runs, Bank Nationalizations, Bank Holiday's and Gold
Jim Willie, founder and editor of Goldenjackass.com, speaks about coming Bank Runs, Bank Nationalizations, Bank Holiday's and Gold. (Part 1 and Part 2.)
Wednesday, April 25, 2012
Student Loans: The Next Bailout?
Here’s what we do know about student loan debt: it’s roughly $1 trillion in size, greater than either auto or credit-card debt and second only to mortgage debt in the U.S.
Borrowers in their 30s today owe $28,500, on average. The debt burden has soared just as — and partly because — the recession hit, so younger graduates carrying the highest balances are hit with the double whammy of a weak job market (that still isn’t showing any sign of rapid improvement).
And this all comes as globalization and technological change have upended once-reliable career paths, wiped out many mid-level professional jobs and leave low-paying fields in health, food and beverage services, and retail as among the fastest growing job markets over the next decade. More...
Borrowers in their 30s today owe $28,500, on average. The debt burden has soared just as — and partly because — the recession hit, so younger graduates carrying the highest balances are hit with the double whammy of a weak job market (that still isn’t showing any sign of rapid improvement).
And this all comes as globalization and technological change have upended once-reliable career paths, wiped out many mid-level professional jobs and leave low-paying fields in health, food and beverage services, and retail as among the fastest growing job markets over the next decade. More...
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