But wait. It turns out there’s another caveat. A new study from Brookings details a rather alarming set of statistics derived from new data on student debt and repayment, released by the U.S. Department of Education in October 2017.
Unless of course every Millennial becomes a Bitcoin millionaire, in which case I suppose all of this debt will be paid off within the next 12-24 months.
Whatever the case, we shouldn’t lose sight of these two trillion-dollar bubbles because, well, because they are trillion-dollar bubbles and generally speaking, trillion-dollar bubbles do not just go gentle into that good night.
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