We are currently experiencing the effects of excessive leverage in the mortgage market. Are increasingly levered college students and new graduates about to experience the same phenomena? I discussed this question (and others) with Investment News for their most recent issue.
My conclusion:
“I’m not inclined to think a massive crisis is coming,” he said. “The mortgage market is in the multitrillions, and the student market is much smaller and doesn’t have the same deteriorating lending standards.”
JJK
