CapitalAccount's video: David Collum Presents his 2012 Year in Review Ahead of the Mayan Non-Apocalypse

check us out on Facebook http://www.facebook.com/CapitalAccount Follow us @ http://twitter.com/laurenlyster http://twitter.com/coveringdelta Welcome to Capital Account. Today is the end date of the ancient Mayan Long Count calendar, which some believe marks the end of civilization. Well, since the world hasn't ended yet, we take the opportunity to reflect on this year's economic trends and what they might mean for 2013. We talk to Dave Collum, a Cornell chemistry professor known for his financial "Annual Year in Review," about what may lie ahead in the coming New Year. He writes the review every December, and this year he covers everything from broken markets to broke students saddled with ever-increasing debt. The report, released today, is available on Chris Martenson's website: www.peakprosperity.com. Plus, US House Republicans canceled a vote on John Boehner's fiscal cliff proposal, with headlines proclaiming "Political Disarray Hits Stocks." But is this just white noise? We talk to Dave Collum about signs of a broken market that go beyond the day to day news. And the growth of student loans has far outpaced the growth of household debt (less student loans). Student loans have soared over the past decade, from 200 billion dollars in 2000 to over one trillion dollars today, surpassing US credit card debt. Meanwhile wages have stagnated, and unemployment persists in the high single digits. We talk to Dave Collum about the causes leading to the rapid escalation of college costs. Also, we received some strong responses to our Car2Go CEO interview this week. Lauren responds to your comments, both good and bad, in today's "Viewer Feedback."