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Student debt. A timebomb about to crater the economy?

Summary:
The debt ceiling agreement now in Congress ends the moratorium on student loan payments. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes Mike Norman Twitter https://twitter.com/mikenorman

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The debt ceiling agreement now in Congress ends the moratorium on student loan payments.



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader.

https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes



Mike Norman Twitter

https://twitter.com/mikenorman
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

13 comments

  1. Yesterday was a $8.2B drain! $24,211 in Taxes – Withheld Individual/FICA alone!! That is why we're down today.

  2. Carbonic Oyster

    Face looks better.

  3. BRO!!! (WTF Is MMT)

    Paul H. O'Neill was in 2001

  4. Good stuff, Mike.

  5. Lovin the Hair!

  6. Thanks Mike.

  7. Kenneth Richardson

    I think the student loans will drain ~$18 billion monthly.

  8. The student loan repayment start up. There's going to be devastating for many many people who hold those loans. Biden should just forgive it all and forget about it

    • I wouldn't be surprised if something comes up yet again and the pause on payments and interest is extended another 3-6 months from the coming deadline in late August. Procrastinating on this issue (forever) seems to be the vibe.

  9. Lookin’ better, Mike. Sounding terrific. Brain sharp as shards of lava.

  10. The banksters said they were going to pump $SOFI this week and sure enough…

  11. Great work as always Mike! Looking forward to Monday's MMT Report.

  12. Masculinity Mindset

    Must be great deciding how much credit you give yourself on your credit card … USA USA USA

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