I think the writing on the wall is clear regarding student loans. The entire notion of taxpayer funded student loans is a scam on both taxpayers and students. It’s a system that allows the colleges/universities to charge any tuition they want and guarantees there will be an artificial demand. For about a decade at least 1M student loan holders default per year. Long before the defaults reached that high, everyone inv…
I think you're being too optimistic. Collapse of student loan debt most certainly won't bring down tuition. What will happen is the government/taxpayer will shoulder it and everyone's quality of life will decrease overall. The same thing happened with the mortgage crisis of 2009 and the massive government bailouts - and look, the housing market is a giant bubble again, and completely unaffordable if you're not alread…
While the fuse may be set for student loans and housing, today’s banks are not levered to the level in the GFC, nor does there appear to be a vast derivatives bomb in waiting.