[quote=walterwhite]None taken. Cutting lawyer production will make current degrees have greater value.

Student loans are the next housing bubble.[/quote]

Student Loan Debt Clock: http://www.finaid.org/loans/studentloandebtclock.phtml

USA Today article stating that total US student loan debt will exceed $1 TRILLION (yup, trillion) this year: http://www.usatoday.com/money/perfi/college/story/2011-10-19/student-loan-debt/50818676/1

From the article: Students are borrowing twice what they did a decade ago, and total outstanding debt has doubled in five years.

All this in the teeth of the worst job market in decades. Yeah, I’d agree that its a bubble.