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follow Patrick 2018 Apr 2, 2:52pm
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Sounds far fetched?
Parents putting pressure on kids to go to big universities when they don't have a clue what they want to do is driving all that Student debt.
More than the level of debt - and the impact on housing - what's remarkable is the trajectory: it needs to continue growing. We need more debt otherwise people wouldn't be able to buy crap. The end demand would collapse, and we would fall in a deflationary depression.