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Did you know students have borrowed over $1 trillion for college? And the leading debt-funded college in the U.S. is the University of Phoenix – the online university with $36 billion in outstanding student loans.
While student debt mounts, wages stagnate and jobs disappear. The average 40-year old head of household in the U.S. today spends more on servicing student debt than on food each month.
We predict this debt will never be repaid.
Original price was: $395.00.$56.00Current price is: $56.00. -
Likewise, the high-yield debt market is turning over. High-yield bonds (aka “junk”) are sold by the riskiest corporate credits. And investors, hungry for any extra yield, have happily loaned these sub-par credits over $1 trillion… an all-time record.
Also, the two fastest-growing sectors of the high-yield market have been oil and gas companies and bonds tied to subprime auto loans. Energy companies have been crushed with the plunge in oil prices. And subprime auto loan defaults are ticking up.
Original price was: $397.00.$56.00Current price is: $56.00.
