Not a good week for the economy and markets… feels like recession is in the air. The Biz Doc and his feelers dug up some interesting things this week.
Here we go:
1. $1.8 Trillion
After a three-year COVID time-out, payments on federal student loans are scheduled to restart within 6 months. This will impact 4 million Americans who will likely find themselves behind on their debt as inflation has made life more expensive since the government invoked a hiatus on payments. Hard to feel sympathy for people who knowing paid for something with debt that they now want for free (forgive the debt). Just in case debt forgiveness becomes a ongoing government program, this weekend I might go out-bid Patrick Bet-David for the Miami penthouse he mentioned on the live podcast. Seriously thinking about it…
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