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Posted inDebt / News / Student
US Student Loan Debt Hits Record $1.46 Trillion
U.S. student loan debt outstanding reached a record $1.465 trillion last month and one particular set of borrowers is having a hard time paying back … US Student Loan Debt Hits Record $1.46 TrillionRead more
Posted inDebt / Economics / ToMl
How the Bronze Age Saved Itself from Debt Serfdom
The Naked Capitalism discussion of John Siman’s review of my new book “and forgive them their debts”: Lending, Foreclosure and Redemption from Bronze Age Finance … How the Bronze Age Saved Itself from Debt SerfdomRead more
Posted inBank / Debt / Energy / India / News
Banks looking at bad loans worth Rs 1.75 lakh crore
The banks, which finance energy companies, are now staring at difficult times. According to a recent report published in Bloomberg, as many as 34 private … Banks looking at bad loans worth Rs 1.75 lakh croreRead more
Posted inBank / Debt / ToMl
How Much Are Banks Exposed to Subprime?
A couple of days ago, when I wrote about the soaring delinquency rates in subprime auto loans – the worst since 1996 – and the … How Much Are Banks Exposed to Subprime?Read more
Posted inDebt / Education / ToMl
Want to grow the US economy? Cancel student debt
Less than a week after President Donald Trump gave his State of the Union address touting the strength of the American economy under his presidency, … Want to grow the US economy? Cancel student debtRead more
Posted inDebt / Government / ToMl
How We Think About the Deficit Is Mostly Wrong
With their nine-page “framework,” President Trump and congressional Republicans have turned to tax cuts in a bid to get a victory on their policy agenda. … How We Think About the Deficit Is Mostly WrongRead more
Posted inDebt / Economics / Education / ToMl
The case for erasing every last penny of student debt
Student loan debt is a crushing problem in America. Over 44 million people have such loans, with an average balance of about $30,000 — making … The case for erasing every last penny of student debtRead more
Posted inDebt / Economics / Europe / ToMl
Greek debt update
According to the IMF, Greece’s debt isn’t manageable in the long-run without being either extended or forgiven. Where do you stand towards this claim? How … Greek debt updateRead more
Posted inDebt / Economics / ToMl / USA Empire
Puerto Ricans Deserve an Escape from “Permanent Debt Prison”
there’s this joke, going around Puerto Rico, that the U.S. would trade with the European Union—would sell off Puerto Rico to the European Union; the … Puerto Ricans Deserve an Escape from “Permanent Debt Prison”Read more