What Will Cause The Next Recession - Mark Zandi Says Corporate Debt

Chief economist of Moody's Analytics Mark Zandi says the $1.5 trillion of outstanding student loan debt has created a 'crisis' for young Americans. It's part of the reason millennials are waiting longer to start families, buy houses, and launch businesses. It might also lead to the end of the US economy's 'virtuous' cycle in 2020.

To solve the problem, he suggests shifting focus from providing student loans to increasing the supply of education options – including trade schools, online learning, and community colleges.

Chief economist of Moody's Analytics Mark Zandi says America's immigration policy under the Trump Administration conflicts with the country's core interests.

He says what has historically made America's economy "special" is that it attracts "the best and the brightest" from all over the world.

He also says baby boomers' retirement will make welcoming immigrants a necessity in order to help keep programs like Social Security and Medicare funded.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC

#CNBC

What Will Cause The Next Recession - Mark Zandi Says Corporate Debt

Видео What Will Cause The Next Recession - Mark Zandi Says Corporate Debt канала CNBC