So . . . stock markets have opened in Asia, and, despite what you have been told - by those who have no sense of how markets operate and affect us - this debt ceiling issue could have huge ramifications for those of us who are part of the indentured educated class. Right now, as Reuters reports, stocks are falling in Asia and gold is at a record high. Hopes of avoiding default in the U.S. have all but faded across the globe, and that means bad things for debtors.
While I am not trained as an economist, I certainly have researched the relationship between student loan debt and how it is a part of the global stock market.
Things are grim, folks.
Stay tuned for updates on this breaking story, and other big things.
The Debt Ceiling: Why It's A Real Issue For The Indentured Educated Class
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