The Market Ticker - Yes Gentlemen, IT HAS TURNED
The rate cycle and capacity to simply roll over debt at ever-lower rates of interest.
The latest nasty: Student loans.
Student loan defaults are up to a record high, with 9.5 million borrowers in default, meaning they are more than 270 days behind on loan payments, according to data from the Office of Federal Student Aid.
Federalizing these loans was an Obama thing. But don’t stick him with the entirety of it — Congress has repeatedly tightened the rules such that student debt is equivalent to child support in terms of how nasty collections can get.
Why?
Because…….
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Source: https://market-ticker.org/akcs-www?post=255741
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