Author | Thread |
meloshouldgo
Posts: 26565 Alba Posts: 0 Joined: 5/3/2014 Member: #5801 |
5/20/2018 11:50 PM
Presenting a group of articles pointing to some worrisome trends. We are reaching pre-financila crisis levels in certain key indicators. And as ususal subprime loans are to blame for a large part, as are low interest rates etc. I am pasting in excerpts and linking to the entire articles.
Credit Card Defaults Authored by Wolf Richter via WolfStreet.com,
by Tyler Durden Companies are over-leveraged They'll soon be unable to make payments to service their debt. Companies like GE and Sprint are very close to real collapse; Sprint just got a lifline from the T-Mobil merger announcement
Praise Of Trade Deficits By Michael Schmidt I cannot teach anybody anything. I can only try to make them think - Socrates
|
AUTOADVERT |
meloshouldgo
Posts: 26565 Alba Posts: 0 Joined: 5/3/2014 Member: #5801 |
5/21/2018 10:28 PM
HofstraBBall wrote:meloshouldgo wrote:Gudris wrote:That military budget will kill USA some day, cut a military budget in half and give that money to create a modern education system, you need more smart people in a country. Greedy and smart are different things, nothing about Trump or most of congress inspires any confidence in their ability to process information and comprehend the global geopolitical situation or even what is happening at home. The smart people don't run the country they buy the dumb people that run the country by paying for them to get elected. Now, is congress and Trump smart enough to get rich from selling out the American people?Heck yes! But that's just self serving street smarts, it has nothing to do with intellectual capacity,integrity or commitment to any ideals of any kind. The reason why most financial regulations don't work is they get voted on and modified by people who have zero understanding of how derivatives work. There's alwasy going to be a handful of people who get it - but they can't act on it because their ideas must first be dragged down to the level of the lowest common denominator in congress before it can pass muster and become a law. That act by itself defeats the best poilicies by way of oversimplifying everything into a black and white partisan dogfight. Look around you the dumb people are electing their own kind, and the smart people are fine with it. As for the lowest common denominator - this is the type of thing I am talking about- Example of how dumb people make laws and break old ones Selling out doesn't require brains, it only rquires greed and a lack of conscience. And I am by no mean thinking of Republicans only, both parties are culpable. I cannot teach anybody anything. I can only try to make them think - Socrates
|
Hank
Posts: 20109 Alba Posts: 21 Joined: 7/1/2008 Member: #2082 |
5/22/2018 12:52 PM
I can't find any article any recent good articles at the moment, but below are good ones I could find.
FYI, China is one of the biggest holders of US and US corporate bonds, in reference to other countries lending money to US. https://www.attn.com/stories/16099/how-pay-student-debt-minimum-wage-salary "About 272,000 Americans who earned a Bachelor's degree or higher worked minimum wage jobs in 2015, according to the Bureau of Labor Statistics. That can make it more difficult to afford the basics — let alone pay off student loan debt. The average borrower graduated with $31,000 in student debt in 2015." A report, Who Graduates College with Six-Figure Student Loan Debt?, finds that only 0.2% of undergraduate students and 6.4% of graduate students graduated with $100,000 or more in student loans in 2007-08. Far from being the 99-percenters, these students are among the 1-percenters when it comes to student loan debt. Graduate and professional students are more likely than undergraduate students to graduate with six-figure student loan debt. Among students graduating with six-figure student loan debt, 10% were undergraduate students and 90% were graduate and professional students. More than a third of law school graduates and almost half of medical school graduates graduated with six-figure student loan debt.
Graduates with social sciences majors earned about $41,000 per year on average in 2009, and $39,000 in 2015, while a graduate holding a major in law and public policy earned $39,000 in 2009, and only $33,000 in 2015. Liberal arts graduates were paid some $33,000 a year in 2009, and $32,000 in 2015, while architecture graduates earned some $59,000 in 2009, and $56,000 in 2015. "It almost as if Bonn is relying on techniques he has learned for academic debates."
"I can pay someone to find a statistic that will prove cloudy days cause stock market crashes." -Silverfuel
|