The “Recovery” in Consumer Loans Isn’t Real

[mick silver]

http://www.caseyresearch.com/editorial/4036?ppref=GLD065ED0211A

[joe_momma]

The Fed nationalized Student Loans (previously not counted).

Since then they've literally opened the floodgates for education loans and used the rise in consumer debt to show the economic growth.

Since they show YoY growth without adjusting for the new category one could argue that the information is fatally flawed.

IMHO - a much worse outcome is that while keeping kids in school (and therefore out of the [unemployed] labor count), the student loan debts are not discharged at bankruptcy - the idiots who get $50k - $100k in debt with zero job prospects (e.g., Masters of Arts in 12th Century French Romantic Poetry) become debt slaves - oh wait, that is why the government is doing it - never mind.

[Twisted Titan]

What the eff is Humanities, Liberal Arts and Women Studies???

Where are those jobs and what do they pay??


T

[ShortJohnSilver]

What the eff is Humanities, Liberal Arts and Women Studies???

Where are those jobs and what do they pay??


T


Usually govt jobs and they pay very well!