Posts Tagged ‘college’

Far, far, far too much money – mind-boggling amounts – has been borrowed….  Students have borrowed $1 trillion for college.…  Roughly 90% of GM car buyers finance their purchases.  And as recently as 2014, 83% of their loan book was subprime, with a shocking amount categorized as ‘deep subprime’.  Deep subprime is essentially people who don’t have a credit rating or people who are currently in bankruptcy.” -Porter Stansberry

It’s good to have nice things and to get an education, but these things must be done responsibly and according to need.

All over the world, in ways that can’t easily be modeled or understood, debt has warped and altered the world’s economy. Think about how much the cost of housing, college, our government, stocks, bonds, etc. have been inflated by both debt and “elastic” supplies of money.” -Porter Stansberry

Economic Noise

Posted: June 28, 2014 in Economics
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“And since 2000, Washington says consumer prices are up 39%.  Trouble is we can’t find any significant price that is up so little.  Crude oil is up 314%.  A dozen eggs rose 106%.  College tuition is up 68%.  The typical house has risen 50%.  Is this noise too?” -The Diary of a Rogue Economist

Tough Life

Posted: May 28, 2014 in Thought for the Day
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“Real life is tough. Infinitely complex. Unlimited in its subtlety and ambiguity.  In college you can get through courses with CliffsNotes and cram sessions.  In real life, you have to use your brain.” -Bill Bonner