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Since workers' income hasn't recovered since 2007, debt is still a problem. If you want a giant ticking bomb...

Posted by: DTravel on Aug 07, 15:39 in response to professor zovek's post i don't know if there's a giant ticking bomb of debt in...

Student Loans fit the bill. Have for a LONG time. In some ways they are worst than mortgages since the bankruptcy laws were changed not too long ago to make them undischargable by declaring bankruptcy. (That is to say, successfully completing bankruptcy doesn't wipe student loans out. You still have to pay them.)

Dow craters after China suspends all US agricultural imports and devalues the yuan in response to latest round of Trump tariffs #401kSoHigh professor zovek Aug 05, 23:24

Seems like US is going directly in the wall of financial crisis, like in 2007... Only now the driver is crazy and knows nothing... Lukasck Aug 06, 07:27

i don't know if there's a giant ticking bomb of debt in the same way that the housing market was at that time but it's a dumb way to run an professor zovek Aug 06, 11:55

Since workers' income hasn't recovered since 2007, debt is still a problem. If you want a giant ticking bomb... DTravel Aug 07, 15:39

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