• washunate commented on the blog post Student Debt, Delinquencies Skyrocket

    2012-11-28 11:29:29View | Delete

    Thanks for highlighting this. I’m just curious what it would take for you to feel comfortable describing it as a student loan bubble? Mortgages affect wide swaths of the population and have an underlying asset, while excessive student loans are a relatively recent problem and have no underlying asset, so it would make sense that in absolute terms the mortgage ‘market’ is much larger than the student loan ‘market’ (air quotes for both since everything is pretty much backstopped by the government presently.)

    Every third ad on day-time TV cannot continue being for higher education when our economy offers virtually no entry level gainful employment.