China economy grows 6.9 percent in third quarter, weakest since 2009 | Reuters

According to Reuters, China posted its weakest quarterly economic growth since the global financial crisis on Monday, raising pressure on policymakers to cut interest rates further and roll out other support measures to avert a sharper slowdown.

Source: China economy grows 6.9 percent in third quarter, weakest since 2009 | Reuters

The reaction in Asian financial markets has been a strong rebound – the reaction reflects that China has averted a hard landing, BUT it looks like Q3 is the quarter to watch carefully.

Thoughts?

Bernanke says student debt no threat to U.S. financial system | Reuters

According to Ben Bernanke, former head of the Fed, student loans are mostly backed by the government while mortgages, which sparked the 2008 financial crisis, were held by publicly traded financial institutions susceptible to panic.

Source: Bernanke says student debt no threat to U.S. financial system | Reuters

This article by Reuters highlights the skyhigh levels of student debt in the US, set against a poor outlook for jobs. Without wealthy parents, ambitious young people are forced to taken on student debt. This situation will no doubt color the views of many young Americans ahead of the US presidential election.

This article highlights the risks for young people in other countries, with high levels of student debt. In Europe for example, it is hard for young people to find proper jobs to utilize effectively their education. Typically, student debt levels in Europe do not yet reach American levels.

Part of the problem is to do with technology changing the outlook for jobs and educational establishments not matching educational services with demand for jobs.

Thoughts?