Nieuwe subprime; studenten leningen.



Met dit studiegeld kopen ze Apple en Iphone. Ze kopen het nieuwste van het nieuwste met geleend geld en dat vormt een wezenlijke bijdrage aan de economische groei.



The Next Subprime Crisis Is Here: Over $120 Billion In Federal Student Loans In Default

Submitted by Tyler Durden on 09/28/2012 – 20:52Ben Bernanke Countrywide default Default Rate Federal Reserve New Century President Obama Reality recovery Sallie Mae Student LoansSubprime Mortgages

Whereas earlier today we presented one of the most exhaustive presentations on the state of the student debt bubble, one question that has always evaded greater scrutiny has been the very critical default rate for student borrowers: a number which few if any lenders and colleges openly disclose for fears the general public would comprehend not only the true extent of the student loan bubble, but that it has now burst. This is a question that we specifically posed a month ago when we asked “As HELOC delinquency rates hit a record, are student loans next?” Ironically in that same earlier post we showed a chart of default rates for federal loan borrowers that while rising was still not too troubling: as it turns out the reason why its was low is it was made using fudged data that drastically misrepresented the seriousness of the situation, dramatically undercutting the amount of bad debt in the system.  Luckily, this is a question that has now been answered, courtesy of the Department of Education, which today for the first time ever released official three-year, or much more thorough than the heretofore standard two-year benchmark, federal student loan cohort default rates. The number, for all colleges, stood at a stunning 13.4% for the 2009 cohort. And while it is impossible using historical data to extrapolate with precision what the current consolidated federal student loan default rate is, we do know that there is now $914 billion in federal student loans (which also was mysteriously revised over 50% higher by the Fed just a month ago). Using simple inference, all else equal (and all else has certainly deteriorated), there is now at least $122 billion in federal student loan defaults. And surging every day.

Ladies and gentlemen: meet the new subprime.


Das treibt den Goldpreis jetzt richtig hoch: Greyerz – High Net Worth Investors Pouring Money Into Gold read!

Here is what Greyerz had to say: “Gold is at a weekly highly for 2012. In my view we have probably seen the correction. The action in gold and silver is very bullish. They go up to higher levels, they consolidate at the higher levels, with a very small pullback, and then they move higher. I see the next big move as being up.”

Interestingly, Deutsche Bank recently said their high net worth clients are buying physical gold. Barclays is now finishing one of the biggest vaults in Europe, which will be used to house physical gold and other metals….

Greyerz also warned: “The next stage in this crisis is for currencies to start collapsing, and the dollar will be the next one to collapse. As the dollar collapses, gold will obviously reflect that. We are very near a situation where there will be a major premium for physical gold. There will be a big difference in price between paper gold and physical gold.

We have most likely finished this small correction, and I believe gold will hit $2,000, and silver $50, this year

Auf das haben wir gewartet: dass das Big Money ins Gold geht. Das treibt den Preis hoch. Auch das Kartell wird bald nicht mehr dagegen halten können. Wir sind am Ziel. Genügend Schampus für die ATHs gebunkert?WE.



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