Here is a post that I shelved a while back:
In the article, the issue of a new bubble forming is addressed. It is noted that inflation is going to come, rearing it's ugly head someplace, and that it is just a matter of time before we figure it out. The part that is most compelling, is where he talks of this guy named Glenn Reynolds, who wrote a piece on how higher education in the country is in a bubble. And how that is where a lot of inflation has occurred.
Here are some snippets:
A New York Times profile last week described Courtney Munna, a 26-year-old graduate of New York University with nearly $100,000 in student loan debt -- debt that her degree in Religious and Women's Studies did not equip her to repay. Payments on the debt are about $700 per month, equivalent to a respectable house payment, and a major bite on her monthly income of $2,300 as a photographer's assistant earning an hourly wage.
And, unlike a bad mortgage on an underwater house, Munna can't simply walk away from her student loans, which cannot be expunged in a bankruptcy. She's stuck in a financial trap.