Headlines

Didn't think my first post would be on something so brief, but a nice CNBC headline linking student debt ("tripled between 2004 and 2012") and how this will impact the housing market. Didn't need to read it to know that it's point would probably say how over-leveraged students won't be able to take our mortgages for a long, long time to make their first home purchases. Overall, just another problem with the student debt bubble, and an even greater indiction of how out-of-control American college costs have become.

A final point: something like education, a core towards developing future economic growth potential, really should never have an adverse impact on the macroeconomic picture. While it's a bit harder to make the same argument with health care (there is the argument that extending lives strain society's resources), both skyrocketing health care and university costs are fundamental services that form part of the the backbone society that have gone horribly awry. That... is a problem.