"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Saturday, March 16, 2013

Wary of Borrowing as Student Loan Debt Balloons (video)


Video - Young People Grow Wary of Borrowing as Student Loan Debt Balloons - WSJ.com: "Young people are racking up larger amounts of student debt than ever before, but fresh data suggest they are becoming warier of borrowing in general: Total debt among young adults dropped in the last decade to the lowest level in 15 years. A typical young U.S. household—defined as one led by someone under age 35—had $15,000 in total debt in 2010, down from $18,000 in 2001 and the lowest since 1995, according to a recent Pew Research Center report and government data. Total debt includes mortgage loans, credit cards, auto lending, student loans and other consumer borrowing."

Cheers Are Few as Dow Jones Average Hits Milestone - NYTimes.com: "Robert J. Shiller, a professor of economics at Yale, has built a model for gauging whether stocks are cheap or expensive. Right now, stock valuations are above historical averages, but well below the stratospheric highs they have reached in bubbles, he said. According to his model, stocks are signaling that they can return about 3 to 4 percent a year. “That’s not horrible,” he said, though he was quick to add that the stock market had a mind of its own. The stock market’s volatility has scared retail investors for several years. A total of $556 billion has been taken out of mutual funds focused on American stocks since October 2007, according to the Investment Company Institute. That is an enormous pot of money that largely missed out on the market’s recovery. But recent figures show a sudden change of mind among retail investors. Over $55.1 billion flowed into equity funds in January and February, according to TrimTabs Investment Research, the highest two-month figure in the data company’s records."

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