The day of reckoning for global total debt – total credit market debt up from $28 trillion in 2001 to $53 trillion in 2012. US consumer debt went up in last few months but largely because of giant amounts of student loan debt taken on.
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clarence swinney said:
THANKS ALWAYS GREAT CHARTS I USE ALL
February 15th, 2012 at 9:33 am -
The Cash Flow Is King said:
Some really interesting charts here…
The Federal Surplus – Deficit chart is pretty shocking.There is one question I keep coming across, and I can not find a good answer. Most of us know that there is a “student loan bubble.” We know now for the first time that student-debt have surpassed credit card debt as the number is now in the trillions. The question is, what does this mean? What is going to be the outcome?
Do to the fact that college is essentially a very social exchange, I feel like that there will be a wave of seniors and graduate level graduates that will simultaneously realize that they have made a poor choice going into debt to go to seek higher education, and this ideology will ripple through the sector. However, it might take a LONG time as the slow-moving, market-preventing, government that has played such a huge role in the creation of this bubble, tries to step out of the market and then blame an opposing political party for the bubble in the first place.
Does anyone have any thoughts as to what will happen when this bubble bursts? Will it be a long drawn out downtrend until the regression towards the mean occurs, or will there be some spontaneous bust?
February 15th, 2012 at 1:00 pm
