It's back with a vengeance: Private debt

It's back with a vengeance: Private debt:
"At $3.04 trillion, the total is up 22 percent over the past three years.
Student loans are up a whopping 61 percent.
Total household debt, according to the Fed's flow of funds report, is at $13 trillion, nearly back to its pre-crisis level in 2007 and a shade below government debt of $15 trillion.
"We have not solved (anything) when it comes to the deleveraging myth," said Michael Pento, president of Pento Portfolio Strategies.
"We have learned nothing.""