Student Loans…Look At This Insane Graph Of Parabolic Student Loan Debt – Much Of Which Is ‘A University Or College Sales Pitch That’s Not Much Different Then A Car Salesman’

| September 26, 2013

“Soaring higher education costs are further widening the achievement gap as non-wealthy students are forced to become debt-serfs to pay for college”. This is a system that forces poor and middle income households to shoulder student loans for decades in return for marginal-return degrees. It is wrong and recklessly predatory. Yet this is the system that […]

Can You Name This Tune…Er Bubble?

| March 12, 2012

Hmm…This one’s easy, it’s student loans!  Just a freckle short of a trillion dollars!

Consumer Credit Explodes $17.8 Billion While Student Loan Debt Sprints To All Time New Highs

| March 7, 2012

They got to be kidding….nope, consumer credit rose $17.8 billion in the latest monthly data, on expectations of $10.5 while non-revolving credit, i.e., auto and mostly student debt rose $20.723 billion and had the highest sequential jump in this category ever!  Yes EVER! At the same time…after tax incomes fell for the second time in three months after adjustments, according […]

Just In: The Latest Housing Data From CoreLogic

| March 1, 2012

Housing Tid Bits….. The latest quarterly report out of CoreLogic is full of insights about the state of U.S. housing. Key among them is that “negative equity and near-negative equity mortgages accounted for 27.8 percent of all residential properties with a mortgage nationwide in the fourth quarter, up from 27.1 in the previous quarter. Nationally, the total […]

Kindergarten Bankers….And Monopoly Money

| January 31, 2012

Looks like we have slow learners here, folks…..$100 billion in write downs, give me a break! Shipping Loans Now Go Bad For European Banks With China rolling over, the large ship containers are increasingly lined up and stacked in Asian harbors around the world. The IHT is out quoting industry observers stating that European banks may be […]

What If It Was True….Dream On My Friend! It’s All Spin

| July 6, 2011

This from the great Art Cashin on the floor of the New York Stock Exchange……Art digs into this subject headline.  “Borrowing by small U.S. businesses rose at a record pace in May”, according to data, a sign that economic growth is poised to pick up in coming months…..the insinuation is that the government and big […]

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