Sep 1 2014

Student debt becoming a larger albatross for economic growth: $1.2 trillion in student debt is outstanding and many college graduates working in jobs that don’t require their degree.

There was a time when going to college made sense in every feasible way. It made sense professionally, economically, and many college graduates have a wonderful time in the process of completing their degrees. Most would argue that learning is vital in growing and moving forward. Yet students need to ask whether their return on […]

May 13 2014

Is college worth a lifetime of debt? Student debt reaches critical tipping point at $1.2 trillion as annual price increases enter the moment of truth.

The cost of going to college has come into deep questioning. In our inflation addicted market, the answer to every question regarding affordability involves more debt. Can’t afford a home? How about taking on a massive mortgage with a small down payment. Can’t afford a car? How about a 0 percent 0 down loan. Having […]

Jan 5 2014

Is college worth the debt? The cost of one year of college is higher than the per capita wage of a fully working American.

Going to college has become a rite of passage in America.  We’ve left shamanic rituals deep in our human past and have come to accept college as a clear transition point into adulthood.  In a consumption based economy, success is typically measured by your ability to consume.  Spending prowess is not measured by sea shells […]

Dec 6 2013

Depreciating cars and expensive diplomas fueled by easy debt: 95 percent of consumer debt growth in past 12 months from cars and student loans.

New data from the Federal Reserve continues to highlight a reemergence of debt based consumer spending.  Americans are largely buying stuff they can’t afford with money they don’t have.  The Fed’s consumer credit report highlights a troubling trend.  Over the last 12 months 95 percent of all consumer debt growth has come from people buying […]

Nov 26 2013

The frightening lack of accounting transparency in the student loan market: New York Fed has student loan debt at $1.027 trillion while Fed Board of Governors in Washington has it at $1.214 trillion.

You see what you want to see.  This is the current state of the financial markets.  When a handful of observers were warning the Fed and multiple government agencies about the subprime crisis floating in the market, hardly anyone wanted to listen.  This is the same kind of accounting trickery that is now pervasive in […]

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