The Blog

Bubble, Bubble ...

12:46 PM, Feb 28, 2013 • By GEOFFREY NORMAN
Widget tooltip
Single Page Print Larger Text Smaller Text Alerts

Our debt woes may be getting worse.  Zero Hedge points out:

as of December 31, 2012, the soaring delinquency rate on student loans (first reported here, and subsequently confirmed by the Fed itself), has surpassed that of credit card debt.  

Also, there are indications that a “second housing bubble is in full force in California and Nevada.”

These developments are threatening to the economy, of course, but for now, the political class is more interested in threats of another sort.

More by Geoffrey Norman

The Weekly Standard Archives

Browse 15 Years of the Weekly Standard

Old covers

Recent Blog Posts

Classic martini by Ken30684

Happy Hour Links: The Case for Drones

US Capitol Building at night Jan 2006

Benghazi Investigation Deepens: Lawmakers Seek Interviews of 13 Officials Involved

Senators Call for Lois Lerner to Be Fired

TWS Podcast

Barnes Podcast: 'In Washington, the Problems Always Get Bigger'