Student Loans Are Going to Crush the Economy! (No, they are not)

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Student loans are the next great subprime crisis! At least that’s what the usual purveyors of doom and gloom say (see this, this and this). The numbers are big, the default rates are high and soon enough this is going to tip the economy into the next crisis or recession.

Not so fast, writes Torsten Slok, chief international economist for Deutsche Bank AG, in his forthcoming September chart-book

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