Quote from TraderZones:
Thank you in your two posts, of doing a good job in presenting "thought processes of someone WITHOUT an education." No wonder they make half the money and have twice the unemployment rate of college grads. Few will seriously consider the HS grad for a professional position that requires the ability to think or understand reality.
Half the courses are a repeat? Maybe 20%. And at a considerably higher level.
Anyone who has tried to pursue a professional job, or even many blue collar jobs, quickly realizes they won't even get an interview without an education.
And yes the current economy is bad. But judging the future by the present. During the Great Depression, EVERYONE was losing jobs. Afterwards, things changed.
At a restaurant, who will be the manager and who will be the waiter?
At an auto dealer, who will run the shop and who will be the clerk?
Etc...
Dear Simpleton,
I dont have an education? Actually I have two degrees, have studied at the prestigious Mott Hall Academy, and have the most rigorous Jesuit education attainable in NYC outside of Regis.
If you must know, I was also a accepted into Deerfield, TWICE and unlike you, I know the fallacy of the American Education system. It is a farce.
BTW lookup this guy....
www.buccaneerscholar.com
This genius along with many others prove that school is for illiterates who cannot teach themselves how to read a textbook and learn any new skills without a proctor. See, Bill Gates, your local Car Dealership owner and countless other college and school dropouts that go on to achieve success in life.
My SAT score was 1240/1600 when I was drunk and hungover, and my LSAT at Kaplan was 145. Not elite scores, but decent.
These numbers mean nothing and your comment shows lack of thought processing.
The last time I checked 60/120 is 50%. If you read and then took the time to research what I was saying, you would see I am correct. See, 60 credits is what CORE CLASSES are made of . What are Core Classes? High School level classes you take in college such as American History 101, English 101, Sociology 101 etc.
Again, Half of 120 credits needed to graduate is 60, a half is also shown as 50%.
Maryland-college park along with NYU and a very small group of others are the only ones that only require 40-45 credits in Core classes.
http://www.ugst.umd.edu/core/core_req.html ...for proof---either way its more than double your little 20% theory.
The laughable part of your latest comment is that you used the examples of two professions which DO NOT require College degrees to advance in.
Whether or not the markets or jobs stablize is not the point. The point is that college degrees will become useless in that the jobs left for American students will not be the type that justify having a degree. You are comparing apples and oranges, the great depression did not have Green Cars, Ipods and the Internet therefore the possibility and probability of an expanding and growing economy was always present and accurate. Nowadays, with Globalism, our economy can not grow in the same leaps and bounds that it did in the 1940's without creating bubbles.
How many managerial positions will require a degree in a country which is overflowing with college students?
The market will and can double but this will not affect employment into jobs that pay MODERN COST OF LIVING WAGES. 30,000k does not buy what it used to grandpa, this is called INFLATION. This coupled with the tax and spend congress means stagflation is around the corner.
Furthermore, the biggest economic fallacy is that of trickle down economics. Just because a small business or corporate conglomerate has made a profit it does not mean the benefits will spread over the populace. This thinking is a lie. Nothing trickles down only pink slips and Golden Parachutes. So there goes the other half of your recovery hopes and dreams.
Only when things get bad enough that decent college kids start competing for TEMP jobs and Managerial positions at Car Dealerships and McDonalds will people realize the lies they are fed.
You obviously do not have a degree in Finance, I do. You obviously are not a trader but must be one of two things, A troll for the Board of Ed, Sallie Mae or just a buffoon who has never studied Economics, Finance, Money & Banking.
Furthermore, (its one of my favorite words) how the hell can someone say "you cant judge the future by the present" on a FINANCIAL, TRADING FORUM!!!!
That and your simple simon assumption on my background and education show your intellectual level. You probably have a degree in some bullshit which then caused you to give trading a try.
In the words of The Jesus in The Big Lebowski, "Laughable Meng!"
