Cost of College Degree in U.S. Soars 12 Fold: Chart of the Day By Michelle Jamrisko and Ilan Kolet, from BLOOMBERG The cost of obtaining a university education in the U.S. has soared 12 fold over the past three decades, a sign the educational system is in need of reform, according to lawmakers in both [...]
Rogoff Sees World Wishing It’s America Year After S&P Downgrade By Rich Miller, Inyoung Hwang and Charles Mead, from BLOOMBERG Global investors can’t get enough American securities a year after Standard & Poor’s Corp. downgraded U.S. government debt. The dollar has outperformed its peers in the past 12 months, rising by 10 percent against a basket [...]
It is well known amongst doctors: Anyone can become addicted to anything. One can become addicted to a loving spouse who does everything, and that is considered healthy. One can also become addicted to being totally lazy, even too lazy to brush one’s teeth, and that is considered unhealthy. The obvious addiction is to drugs [...]
GREECE CAN STEAL AS MUCH AS IT CAN GET! by Sanford Pinna, M.D. Copyright 2012 The charade in Greece is becoming an incredibly funny farce. Across the world the unwitting public believes that if Greece does not repay its Sovereign Debt, that is, loans from the banks of other European countries, it will [...]
“Ambivalence” is a condition that is uniquely human. Wanting two conflicting goals and unable to act decisively is common amongst humans, both young and old; and especially, amongst groups. We see this quandary whenever people are asked to vote for leaders who promise to take them in a specific direction. We are seeing it today [...]
Three Reasons Japan’s Economic Pain Is Getting Worse From Bloomberg, by Jared Diamond Japan’s economic problems are serious and getting worse. Foremost among them is the crushing burden of government debt. Japan’s ratio of government debt to gross domestic product, currently about 2.28, is by far the highest in the industrial world, almost double that of even [...]
You do not have to be a genius to know that if you owe $1000.00 at year one, and then make the purchasing power of the $1000.00 only $500.00 at year two, you have made half of your debt disappear. Debasing a currency, making the currency less valuable in purchasing power, is the oldest and [...]
The price of gold in recent years has been soaring, and many people who know nothing about investing are buying gold, primarily out of fear that the future will bring surprising shocks for the value of their paper money. Governments across the world, from Europe to China, are trying to solve their economic problems by [...]
