Jump to content

Financial News


jasonxctf

Recommended Posts

There was something funny to me about looking up at the TV while at the gym and seeing the anchors on CNBC ranting about how high-frequency, computer driven trading is destabilizing the markets and destroying confidence.

 

Socialists.

Link to comment
Share on other sites

QUOTE (Balta1701 @ Aug 2, 2012 -> 01:06 PM)
There was something funny to me about looking up at the TV while at the gym and seeing the anchors on CNBC ranting about how high-frequency, computer driven trading is destabilizing the markets and destroying confidence.

 

Socialists.

 

The funny part is there is a decent change I know the person giving the rant.

Link to comment
Share on other sites

QUOTE (StrangeSox @ Aug 8, 2012 -> 04:44 PM)
Another day, another banking scandal. This time it's a British bank laundering Iranian money in the US.

 

I can't believe you left out the best part.

 

You f---ing Americans. Who are you to tell us, the rest of the world, that we're not going to deal with Iranians?" the quote was rendered in documents released by the regulators.

 

Yeah for US regulators... it only took a decade!

Link to comment
Share on other sites

Good read on how college debt is about to be a bigger problem:

 

http://www.zerohedge.com/news/bernanke-jus...stability-issue

 

 

College%20Debt.jpg

 

This crap is just not sustainable. My generation and younger are putting themselves in so much debt with little hope of paying it off. My wife and I are at about $160k. I guess in 20 years it'll be nice to have that extra income to pay for a vacation home, or more likely to pay for a semester of my kids' college tuition.

Link to comment
Share on other sites

Good thing it's non-dischargeable in bankruptcy, too!

 

for-profit colleges account for something like 20% of (federally-guaranteed) student loans but 80% of the default rates. There's on-going controversy over law schools and them being dishonest about debt loads and employment rates, too.

Link to comment
Share on other sites

QUOTE (Jenksismyb**** @ Aug 10, 2012 -> 10:22 AM)
Good read on how college debt is about to be a bigger problem:

 

http://www.zerohedge.com/news/bernanke-jus...stability-issue

 

 

College%20Debt.jpg

 

This crap is just not sustainable. My generation and younger are putting themselves in so much debt with little hope of paying it off. My wife and I are at about $160k. I guess in 20 years it'll be nice to have that extra income to pay for a vacation home, or more likely to pay for a semester of my kids' college tuition.

 

Yeah, it's disturbing. Even if I can find a decent paying job right out of law school, I'll probably have to live more thriftily than I do as a stereotypical poor law student.

 

...

 

...

 

That post might have reeked of entitlement/whining.

Edited by farmteam
Link to comment
Share on other sites

QUOTE (Jenksismyb**** @ Aug 10, 2012 -> 10:22 AM)
This crap is just not sustainable. My generation and younger are putting themselves in so much debt with little hope of paying it off. My wife and I are at about $160k. I guess in 20 years it'll be nice to have that extra income to pay for a vacation home, or more likely to pay for a semester of my kids' college tuition.

 

That depends...

 

It's ok to put yourself into debt for college *IF* you are going to college for something useful to the world around you. For example, going into debt to become a nuclear engineer is a bit different from going to be a ... psychologist. One of the two will probably have an infinitely easier time repaying their student loan debt.

Edited by Y2HH
Link to comment
Share on other sites

I was looking at a story about Roosevelt University in Chicago that seemed to encapsulate everything wrong with colleges right now. They were talking about how their tuition had gone up about 200% or something outrageous (probably less) the past 4 years and his quote was something like :

 

"We realized that we were providing a lot more value than our tuition suggested, so we were just bringing the tuition up to reflect that"

 

Your GOAL should be to provide more than your tuition.

Link to comment
Share on other sites

QUOTE (Y2HH @ Aug 10, 2012 -> 03:33 PM)
That depends...

 

It's ok to put yourself into debt for college *IF* you are going to college for something useful to the world around you. For example, going into debt to become a nuclear engineer is a bit different from going to be a ... psychologist. One of the two will probably have an infinitely easier time repaying their student loan debt.

 

 

I get this, but also this idea that english degrees are worthless is pretty stupid. When you look at executives at companies it's incredibly common to see liberal arts degrees.

Link to comment
Share on other sites

QUOTE (Y2HH @ Aug 10, 2012 -> 10:33 AM)
That depends...

 

It's ok to put yourself into debt for college *IF* you are going to college for something useful to the world around you. For example, going into debt to become a nuclear engineer is a bit different from going to be a ... psychologist. One of the two will probably have an infinitely easier time repaying their student loan debt.

 

That's the conventional thinking that's no longer accurate. There was another article out there recently (yahoo finance?) that talked about the number of "good jobs" (doctors, lawyers, engineers, etc) decreasing year over year. SO many people these days have degrees and those jobs are becoming harder and harder to come by. The harder it is to get a job, the more competition, the lower the salary. Yes, you'll make more than the average person, but you have a ton of debt so all that gain is a wash. And the problem is only going to get worse.

Link to comment
Share on other sites

QUOTE (Jenksismyb**** @ Aug 10, 2012 -> 04:42 PM)
That's the conventional thinking that's no longer accurate. There was another article out there recently (yahoo finance?) that talked about the number of "good jobs" (doctors, lawyers, engineers, etc)

 

Not quite:

The report, by John Schmitt and Janelle Jones of the Center for Economic Policy and Research, defines "good jobs" as those where the worker earns at least the median wage - around $38,000 yearly - uses employer-provided health insurance and has some sort of retirement fund, either a traditional pension or a 401(k) account.

 

This would mostly be accounted for in the loss of manufacturing jobs that had generous packages. Considering the explosion in healthcare, I really doubt there's less doctors jobs to go around. There could be quite a bit more if they allowed more into medical schools.

Link to comment
Share on other sites

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...