sandp

Credit Markets have Melted Overnight. Derivatives are a $1 Quadrillion “Ticking Time Bomb” – Bill Holter

That didn’t take long did it?  I of course am speaking of the second overnight and global meltdown of the credit markets …in the last four business days!  Before getting into this topic which I believe will soon be seen in retrospect and by historians far into the future as “THE” trigger event.   Just as we saw last Wed. …

Student debt

National student loan debt reaches a bonkers $1.2 trillion

Kyle Craig wants to go to graduate school, but just being an undergraduate is already drowning him in debt. “I’ve got student loans just like everyone else walking around,” says Craig, a senior at Old Dominion University. “I expect my debt to be around $30,000 by the time I’m done here.” “Yes, I have student loans,” says Kyle Coghill, a …