WHO SAYS THERE’S NO HIGHER EDUCATION BUBBLE? Frozen Generation: US Youth Immobilized by Student Debt. “On Wednesday TransUnion LLC released an alarming report confirming one of our greatest fears: one-third of all student loans are going to subprime borrowers, and many of these loans are beginning to go bad. . . . Given that the federal government is now responsible for nearly 93 percent of student loans, many are beginning to worry that taxpayers will once again find themselves on the hook for bad loans. And with a fraying job market and ballooning university costs costs, these loans won’t get any easier to pay off.”

Are ya feelin’ the hopey-changey yet?