The Next Bubble to Burst?
Posted by: Not The Only One in Government Incompetence, New Yawk, Economics, Government InterferenceIn this new era in which our decades-long inflated economy is now deflating and abruptly readjusting to the realities of the free market, one bubble seems to be bursting after another. The first bubble to burst was that of subprime mortgages with millions of Americans who couldn’t afford home loans were suddenly losing their homes after defaulting on said mortgages.
With more and more college graduates entering the work force deep in student loan debt and facing very limited job opportunities, some are speculating that Sallie Mae will be the next bubble to burst. I used to agree with this prediction, but after learning that 2,600 families in New York City are losing their Section 8 vouchers, I’ve changed my mind. (more…)

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