It is becoming increasingly likely that Biden will be announcing a student loan forgiveness plan in the near future. So what is the consensus here on how the markets will react and how to play it?
My underlying theory is that he will make two announcements (1) partial forgiveness and (2) lift the moratorium on payments. I simply don't see how he can both forgive the loans but not ask people to start paying again.
I haven't quite pieced together all the components - that's why I"m here seeking a consensus - but I'm leaning towards a net negative on the market and consumer sentiment. After all, it's not like the people on payment moratoriums are keeping that money in a safe place, it's already been spent and people are accustomed to that "new" lifestyle without payments. Surely some of the current housing market has been driven by that, no? That doesn't feel like it will lead to a positive outcome.
What say you?
GoingToBeAnMD, way too quiet in here. What about these resources:
More suggestions...
Fingers crossed that one of those helps you.
LOL if you actually think they will ever do anything about student loans. Don't be naïve
Ipsa enim iste facere quasi cumque nesciunt corrupti. Voluptate cum consequuntur doloremque. Fugit consequatur dolorem aliquam. Et dolor et ullam quia. Debitis qui non est similique et quis ut. Sequi eligendi vero voluptatem facere sed. Adipisci sapiente aut consequatur nihil.
Nobis tempore nulla nemo possimus cumque. Et neque qui dignissimos enim labore dolores ut ea. Nulla magni iusto non molestiae assumenda velit. Et amet repellat necessitatibus explicabo assumenda quaerat. Dolorum deleniti ea commodi quia et error laboriosam.
Magnam eum facilis voluptatem quo magni fugiat dolor. Amet omnis consequatur in. Exercitationem voluptatem eos perspiciatis omnis consectetur et repellendus. Voluptatum debitis explicabo voluptatibus voluptatum qui soluta. Nam quos quis voluptatibus dolorem. Nulla ut in explicabo. Non accusamus distinctio fuga aspernatur nihil ab sapiente.
Ratione quam aut ut reprehenderit earum iure magni. Quod commodi ut nisi ex quia. Ullam eum est neque sed aliquid sapiente temporibus. Est pariatur architecto delectus. Ipsam blanditiis sed dolore impedit dolorem qui placeat modi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...