Comment: The Next Big Short...

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The Next Big Short...

If you haven't already read "The Big Short" by Michael Lewis, which covers rise and collapse of the housing credit bubble, I strongly recommend it. It is a very good read and it will be time profitably spent. Looking forward, I predict the next big short will be the collapse of the $1 trillion student loan bubble. Students are burdened with 3 and 4 times the debt they carried 10 to 20 years ago and when they graduate there are not enough jobs available, so the model is clearly broken and consequently tuitions will have to come down. Young parents with young children should look into higher education possibilities that are now emerging on the internet. Steve Forbes commented Saturday on FOX that the same knowledge and information one acquires with a typical college education can be had for about $1,000 a year on the internet, Keep an eye on the rise of Virtual U.

Ed Rombach