Danielle Park joined us for a discussion of the world’s debt ills today. BMW was just slammed in Australia for the equivalent of predatory lending. In the US the trillion dollar college debt bubble is teetering. And US subprime auto lending isn’t doing to well either. No doubt there’s plenty of other debt bubbles just waiting their turn, or perhaps they’ll all go at once. One thing is for certain, no one is addressing the problem and today’s lax lending standards are just compounding the problem. At some point the debt edifice is going to come crashing down.
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