Federal Reserve continues shadow bailout of banking industry – $947 billion of overpaid and low demand mortgage backed securities sit on the massive $2.8 trillion Fed balance sheet. The price of this hidden bailout will hit all Americans.
The Federal Reserve continues a secretive bailout of the banking system by purchasing more and more questionable mortgage backed securities. You would think that $1 trillion would catch the attention of the media but they seemed focus on other trivial items. The Fed balance sheet is still at record levels above $2.8 trillion to be […]
The Coming Demographic and Financial Disaster – Median income of Americans 65+ is $19,167. What happens when less affluent youth move back home and clash with older generations?
What happens when a society that prides itself on a middle class and self-sufficiency suddenly starts losing both? For over a decade the middle class in the US has been shrinking. This isn’t some speculation but is reflected in the stagnant household income data. You also have a giant demographic train in that many baby […]
The law school bubble – At 50 law schools, 20% of the students are either unemployed, flunked out, or are unknown yet data does not show up in national rankings. Many more pass bar exam than actual job openings in legal field. Legal bubble is another tangent of the higher education bubble.
The higher education bubble has gotten a solid amount of press coverage in the last couple of years. Even with student loan debt lurching towards the $1 trillion mark the higher education bubble train keeps moving along. Part of this has to do with the odd financialization of higher education where things are so extreme […]
The university of financialization – science and math graduates opt to go into the gambling fields of Wall Street banking instead of building productive jobs for society. Many non-tech majors choose lower paying fields while going into massive debt. Youth summer employment drops from 60 to 46 percent in last decade.
Going to college has always been a dream for many Americans. Parents have high hopes for their children going to a good school and coming out with a degree that has made them more well rounded as citizens. But this desire may not be coinciding with the marketing jargon that spews out from the industry. […]