How long can this bubble rise?
We鈥檝e seen a few bubbles in our day, and this looks like a bubble. College students and their families are borrowing ever-larger sums to finance post-secondary education, only to end up empty-handed. The rewards that come from a college degree, if there are rewards to be had, may not justify the expense and long burden of repaying a large loan. That鈥檚 the truth for many jobless graduates in these difficult times. When hoards of people go ever deeper in debt for something worth less and less, it has bubble written all over it. Someday, pop.