The clock started ticking on a financial time bomb this week for student loan borrowers — those in default will now be referred to debt collections.
Because of the messy state of the student loan world, the economic fallout could be far more widespread than anticipated, hitting some who typically would be able to pay back loans. It also comes amid recession fears, worries over higher inflation, and a slowdown in hiring.
The derivatives market is leaning heavily on paused student loans when 2/3 of Americans are using layaway plans to buy groceries? And inflation is about to skyrocket again because of the tariff chaos?
Does the derivatives market deliberately choose bad long-term investments and plan on crashing? That would explain a lot.