I agree with you except I am not sure about two conspiring forces at work here: Technology eating into professional jobs like xray techs, lawyers, etc., and col

I agree with you except I am not sure about two conspiring forces at work here: Technology eating into professional jobs like xray techs, lawyers, etc., and colleges giving the degree in name only (nominally) were graduates more and more are not sufficiently trained and educated despite the degree. This makes for a spectacular bubble when the defaults and nonpayments reach critical mass. Edit: P.S. this is just my guess and any data on this would be interesting.