a lot of money and nobody know what the end game will be but there will be a big big big blessed so in your opinion have we made any progress over the past ten years. oh here i don t know i would hope so but actually not really cause the banks right now strike you know to the bonus on the record level as well and companies get on really low interest rate debt without limits so we didn t solve the problems we just bought like i mentioned already we just bought precious time but the politicians did not use this time to to create a safe surrounding the safe environment for the future though and i think the next bubble will hit us very hard and then we hope this time we learn from the crèche mark there have been a lot of changes as far as banks go and the rules and regulations the capital reserves that they need if if we go back ten years it was interesting that lehman
next crisis could be coming very soon oh if you look at the financial interests see that everything is on the extreme level right now and i expect it to be end of the decade or perhaps three to five years at most but the problems are not solved from two thousand and eight which just create we bought time in the chance created another financial bubble two to solve the first part of so we just bought precious time for with a lot of money and nobody know what the end game will be but there will be a big big big blessed so in your opinion have we made any progress over the past ten years. oh hey i don t know i would hope so but actually not really cause the banks right now recalled strike you know on to the bonus on the record level as well and companies get on really low interest rate debt without.
it s going to affect car loans and variable interest rate debt and mortgage rates. this is still a window for consumers to enjoy those very low mortgage rates. the central bankers came in as the fire brigade to put out the fire, hoping the policy makers and the politicians would build a new house and they didn t. we re left with the same rickety old house with the fire brigade almost out of the water. it s a whole lot stronger, the house. the fundamentals of the global economy really aren t stronger. why is that debt still out there? the governments that were supposed to do all this work are holding more debt than ever before. they re out of ammo. in some ways the global economy is just as vulnerable if not more so. biggest debt bubble in history. at what point does the conversation switch to wait a minute, the rest of the world is
with the $1.2 trillion in student loan debt that its outstanding. this is the high interest rate debt. high for undergrads. even higher for nose wthose who graduate student loans, plus loans. the idea is we are going to propose taking all of the debt and refinancing it down to 3.86%. which is the interest rate that congress said less than a year ago is the right interest trait for student loans. so bringing all of the student loans, the interest rate down. and then paying for it. because you got to have a pay for it on this. paying for it by saying we are going to close one of the big tax loopholes. and that is, let s pass the buffet rule. it shouldn t be the case that billionaires pay less in taxes than their secretaries. but the reason i put it that way is because here is another way, now new look at that debate. the united states government can invest, it can invest in billionaires by saying keep
outstanding. this is the high interest rate debt. high for undergrads. even higher for those who have graduate student loans, plus loans. the idea is we are going to propose taking all of the debt and refinancing it down to 3.86%. which is the interest rate that congress said less than a year ago is the right interest rate for student loans. so bringing all of the student loans, the interest rate down. and then paying for it. because you got to have a pay for it on this. paying for it by saying we are going to close one of the big tax loopholes. and that is, let s pass the buffet rule. it shouldn t be the case that billionaires pay less in taxes than their secretaries. but the reason i put it that way is because here is another way, now new look at that debate. the united states government can invest, it can invest in