Biden set to forgive U.S. student loans partially. Would stock & crypto get a ride...

Biden set to forgive U.S. student loans partially. Would stock & crypto get a ride? We have the numbers pretty much from Germany, UK, Turkey & China and they are not looking good. Would Biden’s loan payment gets to ease the market or just a news without any effect?

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It would be the final nail in the proverbial economical coffin

Students loans would be wiped off finally?
Don't trust this dude, he's Just tryna score cheap points

Tf would that cause a stir in the market kek.
Nah, the market been wedging af

Is it too late to take out as many student loans as possible??

With the inflation, recession and shit, you might be right

Never trust any of these selfish "leaders"

Just curious about what it would mean for all of us.

Well at least less monies to the bank cefi

CNBC actually had a poll for this, kek. 59% of Americans are concerned that forgiving student loans would make inflation worse.

As if we aren't already in an economic crises.
Of course. This definitely isn't the time for decisions that would dump the whole economy. We're already in the trenches. Crypto, stocks, everything has been down and volatile.

Let's not forget that despite that, at least 32% have wanted all loans forgiven and 34% only want loans for those in need forgiven. Looking at statistics, that's still a lot of monetary loss

>he thinks money means anything

user

Ive got a coworker telling me they are using their student loans to go on vacation to europe.
Next itll be reparations for more irresponsible people.

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relax, user. It's still unclear whether he will extend the student loan freeze or cancel SOME debt per borrower.

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Agreed. That's still a large sum

Where is your coworker getting his information from

The "some" debt in question can be up to 50k per each borrower, jeet.

When will he announce this officially

Forgiving unpaid student loans doesn't do shit. Would make more sense to pay everyone back for paying off student loan. The money injected into the retail economy would be a catalyst.

You sound like an economist... paying them back will be better.

50k a person is noway some debt, that's a whole lot of debt.

He's supposed to make a decision today but we'll see.

He said end of August. That's when he'll announce his final decision

Precisely.

He reportedly settled at 10k off from each borrowed but this isn't officially confirmed.

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>Biden set to forgive U.S. student loans partially.
I love how easily these people fool you retards again and again. Watch biden do nothing to "forgive" your moronic loans for gender studies.

Honestly, 50k or 10k, today or the end of August. Either way, announcing the clearance of student debts at a time of economic uncertainty is widely inappropriate. The inflation rate has literally reached a forty year high end and the economy has been shrinking for two consistent quarters - an indication of recession. We need a back up plan for when or if this sinks the markets again

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