Australian gold sector firing at just the right time
It’s been a challenging few years for gold miners in Australia but the group now looks poised to capitalise on record prices.
The severe property overhang after the crash of 2008 is one of the reasons that it has taken so long for the economy to recover.
But while Americans appears to be shaking off that one big fall, they may be stepping into another: the total student loan debt burden in the US is set to break $1 trillion.
With stagnant wages for entry level employees, young people have to put off household formation and other consumer purchases as they service student loan debt. And more and more students may also be forced to default.
Creative commons image by Universiteitskrant Univers
