Student Loans

"May The Bursting Of The Student Loan Bubble Commence!"

"While the collapse of the student loan bubble may be the catalyst for a general financial downturn and will certainly be the cause of tremendous social pain and dislocation, it will, nevertheless, be a necessary prerequisite if America and, for that matter, the Western world is to ever break the grip of leftist ideology which rules it. May the bursting of the student loan bubble commence!"

BIll Gross: Beware The "Unknown Consequences Lurking In The Shadows"

"the adherence of Yellen, Bernanke, Draghi, and Kuroda, among others, to standard historical models such as the Taylor Rule and the Phillips curve has distorted capitalism as we once knew it, with unknown consequences lurking in the shadows of future years."

3/4 UK Graduates Will Never Repay Student Loans

...The UK government will have to write off some or all of the debt taken out by 77% of students because they will not earn enough to repay their loans within 30 years of graduation...

Navigating Through The Storms: "I'm Losing My Sense Of Outrage"

"My frustration and disillusionment with a world gone mad has begun to affect my mental state. I’m losing my sense of outrage which has driven me to write for the last nine years. It isn’t worth the expended energy when it will change nothing. I’m resigned to the inevitability of economic collapse. It’s just a matter of when."

White House Reveals Budget Deficit Will Be $250 Billion Greater Due To "Mistake"

The budget deficit for President Trump's first two years in office will be nearly $250 billion higher than initially estimated, hitting $702 billion in fiscal 2017, due to what appears to have been a calculation mistake: a shortfall in tax collections and a mistake in projecting military healthcare costs, according to budget chief Mick Mulvaney.

The High Cost Of "Free" College

Tennessee Promise, and now Tennessee Reconnect, are the first programs of their kind in the United States. Tennessee should be a trail blazer in limiting the disastrous effects of government involvement in higher education. In part because it was misguided by what is nothing more than a technicality in funding, the state is becoming a leader in higher education’s march off a cliff instead.

CBO Scores Trump Budget Shrinking US Deficit By Half By 2027

There's good news.. and bad news. CBO has just released its 'score' of President Trump's proposed budget, noting that the plan would shrink the deficit by a half from their baseline by 2017 (good news). However, even accepting Trump's dynamic scoring and 5% growth expectations, CBO is unable to balance the budget and Yellen's recent "US debt is unsustainable" warning seems ever more prescient.

'Vice' Index Shows U.S. Slowdown Ahead

"...add it all up and conditions are set for slower spending growth... It’s already showing up in the luxury spending we call vices... like in Gambling & Prostitution"