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Exactly, it's the easy money that has put us in this position. Really, $52,000 per year for Northwestern and that doesn't include all those "incidental" expenses that a student might have if they wanted to actually leave the dorm room once in awhile OR fly back to their parents house over the...

I would be led to believe that this individual with $50 mil has a somewhat reasonable mindset following the series of epic bubbles and busts over the past decade. Not to mention the endless number of fraudulent hedge funds that use the assets as a personal piggy bank. At $50 mil, this guy's...

At the low end, banking is literally just a commoditized business. Ease of access to ATM's and branches is probably the top concern. Since we've been in a "low rate environment" for the past decade, everyone has basically given up on the premise of earning interest in a checking account. So...

I like your style. We often underestimate just how diabolical these people truly are. I think you are right on target.

There are prestigious universities that will literally create an entire department just to get the football players thru school. You can google the University of Michigan's General Studies program to get a glimpse into the sort of braindead classes the jocks were put thru to satisfy academic...

There are literally not enough businesses in this entire country to fill all the empty commercial and retail space. It was overbuilt to such extremes that it will NEVER be occupied. Kind of like the ghost estates of Ireland or the empty cities of China. I'm sure the coast of Spain has a...

Exactly, sounds like someone is going "full retard" on this plea to build more vanity skyscrapers. Anybody have a clue just HOW MUCH commercial office space sits completely vacant across this country right about now? It's absolutely frigging mind blowing how much space was overbuilt in the...

It is pretty ridiculous, yet we saw this very same thing happen during the 98-99 NBA lockout. I believe that many of these athletes are in such a hurry to spend whatever they make, that before long their overhead costs are bumping against whatever they take in each year. Multiple houses...

lol, this reminds me of Stacey Keach (Sgt Stadenko), the police commander, toking a joint to verify that it was in fact grass (Cheech & Chong, in case you miss the reference). So you are morally opposed to pornography, but you scour the web to make certain that less and less of it is being...

That's the insidious nature of US based conglomerates having majority ownership of most media outlets. It's further complicated by the fact that several of them received government bailouts/subsidies to "weather the storm" in 2008. So I'm not at all surprised that a Canadian newspaper has more...

Finally, you are making sense.

Yes, this is definitely the emerging trend that we will have to deal with for the foreseeable future. Essential services and activities (sports are pretty important for kids) are kicked to the curb, less tenured teachers are fired, while the district administrators and the senior staffers get...

Right, they pullback after a parabolic rise for the better part of 2 years and now they are "falling". Sorry, but the price of damn near every commodity is higher than it was at this time a year ago, two years ago, etc. Many are right back where they were during the last acute phase in 2008...

Maybe because the beneficiaries of government largesse are these same public sector employees whose retirement assets are being pledged. You also assume that nobody is up in arms about this because we don't have Greece style rioting...This country is far too polarized to create a unified form...

Exactly. Another example of government guarantees distorting the pricing mechanism. The bailout of the student loan market was another example of this insanity. Saddle the taxpayers with more debt burden while simultaneously encumbering students with a lifetime of debt. Just a constant...

I think this premise is ass backwards. We had $10/bbl oil in 1998. The price rose 15-fold in a decade. Granted the US Dollar fell 30-40%? (don't have a dollar chart in front of me). Still, oil prices greatly outperformed the dollar devaluation.

Trillions spent and what we've gotten is a crack up boom in risk assets. Along with that we're now getting the "bad" side of the inflation in higher commodity prices and the trend towards a permanently lowered standard of living for anybody who can't feed at the risk asset trough. If...

The interesting part of this is that there was a great deal of degree "inertia" in the planning of alot of these students. They witnessed the previous crop of college grads take on a ton of student loans and find well paying jobs. Nobody really mentioned, nor do they now, that many of those...

Good points, it clearly illustrates that we have MUCH further to fall, as we've not even begun our own austerity campaign. Currently, we are just throwing the fixed income elderly and assorted middle class under the bus. Eventually, that bite will become bigger and all these government jobs...

If it's confiscated anyway, then it makes absolutely no difference if you buy, sell or watch re-runs of Oprah for that matter.