The Bubble

     An economic bubble is brewing, and it is only getting bigger each year.  This bubble consists of student debt.  Now, how could student debt cause an economic bubble that could collapse with devastating effect?  

    One of the big factors that is causing this bubble is the rise of tuition.  Tuition is on the rise due to some factors.  One, college is focusing more on sports and the cost to maintain that rather than the education.  Two, the employees are fewer than before, which means the professors are stretched thin.  Third, while money is spread to the sports teams the student body is dwindling.  There are fewer students walking around.  And four, college is not preparing students for the world.  This causes many student to fail repaying their loans, which increases the size of the bubble.  

    According to Jim Rogers and Robert Craig Baum, authors of the article "This Economic Bubble Is Going To Wreak Havoc When It Burst", claims what the title of the article is true.  Rogers and Baum claim that the burst will likely have the force of all previous catastrophes combined.  They say it will tamper with savings and loans, insurance, energy, tech, and mortgage crashes.  I would love to say that this will never happen, or that it will not be as bad as they say, but from my research and how this country is showing ignorance makes me believe that we are only touching the surface.  

    My thoughts, there is no stopping the catastrophe.  I just hope I am set and ready when it bursts.