In Time?

Summary

Discussion of the potential effects on equity, bond, commodity, capital and asset markets regarding:

Student Loans; Unemployment.

Labor Participation; Retail Sales.

Total Revolving Credit; Borrowed Time?

One of my all time favorites, "In Time", a 2011 American dystopian science fiction action thriller film. When this film is done with you, the next time someone asks, "got a spare moment?" or "do you have the time?"; the hair on the back of your neck stands up, you get a shiver and think twice "what am I doing?".

In 2169, people are genetically engineered with perfect health and appearance. Each has a digital clock on their forearm; when they turn 25, they stop aging and their clock begins counting down from 1 year.When the clock reaches zero, that person "times out" and dies. Time has become the universal currency; it is used to pay for daily expenses and can be transferred between people or to "time capsules" - the equivalent of wallets. The country has been divided into "time zones" based on the wealth of the population. The film focuses on two specific zones: Dayton - a poor manufacturing area where people generally have 24 hours or less on their clock at any given time - and New Greenwich - the wealthiest time zone, where people have enough time on their clock to live for centuries.

Student Loans and Unemployment

Between September 2006 and January 2011, unemployment amongst 16-24 year olds swelled 58% (+1.4M) from 2.4M to 3.8M. Over the same period, post secondary enrollment swelled 20% (+2.9M) from 15.2M to 18.1M. Aside from the adult students or parents taking on the debt load, who extended the bulk of any necessary credit?

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