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Between student loan debt projected to hit $17 trillion (the same today's US GDP) by 2030, and the fact that over 40% of student borrowers aren't making any payments on their loans, the table is already set for a new financial crisis of epic proportions.

Submitted by Mike Shedlock via MishTalk.com,

In direct response to higher wage prices and the firming of commodity prices, Wendy’s is going to install self-service ordering kiosks at 6,000 locations. McDonald’s is expected to follow at a slower pace.

Investors Business Daily reports Wendy’s Serves Up Big Kiosk Expansion As Wage Hikes Hit Fast Food.

• Trump, under pressure to unite Republicans, sharpens attack on Clinton (Reuters)
• Trump's Campaign Upends the Science of Presidential Transition (BBG)
• Trump says Britain would be better off outside EU (Reuters)
• Goldman Said to Extend Fixed-Income Job Cuts to 10% of Staff (BBG)
• Apple's Tim Cook to visit China for government meetings (Reuters)
• China regulator studying impact of overseas-listed firms relisting in China (Reuters)
• China Ponzi Warning to Asset Managers Cites Pooling of Cash (BBG)

By Nick Colas of Convergex

10 Stats About The Last 10 Years

This morning's Brussels bomb attacks have led to risk-off sentiment across European asset classes, with Bunds higher and equities firmly in the red, although if the Paris terrorist attacks of November are any indication, today's tragic events may be just the catalyst the S&P500 needs to surge back to all time highs. FX markets have also been dominated by events in Brussels, with USD and JPY strengthening, while EUR and GBP softening throughout the European morning.