tag:blogger.com,1999:blog-8902921887068783713.post5685820517837357646..comments2023-11-03T04:19:17.635-07:00Comments on Disaster Porn: PEI Strikes AgainEdwardohttp://www.blogger.com/profile/03613197383283896190noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-8902921887068783713.post-15480592506143913552009-04-23T19:26:00.000-07:002009-04-23T19:26:00.000-07:00"Anything's possible in Bailout Nation."- LOL!!!
..."Anything's possible in Bailout Nation."- LOL!!!<br /><br />I just realized that IF they do it for everyone, then they do it for no one.<br /><br />Maybe the trouble really is there are simply not enough bail outs!<br /><br />The problem is we don't have enough!<br /><br />;-)Thaihttps://www.blogger.com/profile/00700253024420397221noreply@blogger.comtag:blogger.com,1999:blog-8902921887068783713.post-89104739615736562412009-04-23T13:18:00.000-07:002009-04-23T13:18:00.000-07:00I was barely able to afford college back in the la...I was barely able to afford college back in the late 80's. By the end of it, I was using my newly minted credit cards to pay for school. I feel their pain.<br /><br />Since my intended career never panned out, I found a new one (my timing was fortuitous). Still, I spent my first 8 years after college saddled with enormous amounts of debt. And yes, I repaid every single penny.<br /><br />What did I take from my experience? That colleges were overrated and certainly overpriced. I do think that we're going to see a contraction in the number of universities out there as fewer and fewer people are able to afford a college education. <br /><br />Are there any colleges that are too big to fail? Will we see bailouts of our nation's universities? Anything's possible in Bailout Nation.DEDhttps://www.blogger.com/profile/07266406676643270732noreply@blogger.comtag:blogger.com,1999:blog-8902921887068783713.post-83206439835411522392009-04-21T04:14:00.000-07:002009-04-21T04:14:00.000-07:00"My sense is that the glittering gold medal brands..."My sense is that the glittering gold medal brands of MIT and Harvard will likely survive the impending epochal change in the nation's educational infrastructure intact and untarnished"<br /><br />I tend to agree (remember I am the one who believes Pareto income distributions are as invariant as gravity for all time). <br /><br />As I do with all of your responses.<br /><br />... And of course I know you live there, which is why I like to tease you ;-)<br /><br />Be wellThaihttps://www.blogger.com/profile/00700253024420397221noreply@blogger.comtag:blogger.com,1999:blog-8902921887068783713.post-32334164766255939092009-04-20T21:20:00.000-07:002009-04-20T21:20:00.000-07:00Thai, as a resident of Boston, and for many years ...Thai, as a resident of Boston, and for many years Cambridge, the respective homes of two of the planet's most high powered and prestigious educational institutions, I not infrequently ruminate on the economic prospects for this area given that the pillars of the local economy, education, technological R&D, and health care, are all in bubbles destined to pop. <br /><br />My sense is that the glittering gold medal brands of MIT and Harvard will likely survive the impending epochal change in the nation's educational infrastructure intact and untarnished, but of that I am hardly certain.<br /><br />As for the fate of the rest of this area's many educational institutions, well, the implacable economics described in the article at the link you provided are none too comforting for those who dream of the continuation of the status quo.<br /><br />In answer to your questions, I say, "not bloody likely" to the first, and to the second. "quite possibly if they thought it would fly and not damage their relatively secure positions" <br /><br />I hope you are well, also.Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-8902921887068783713.post-78590411312410947442009-04-20T18:01:00.000-07:002009-04-20T18:01:00.000-07:00Edwardo, I read this post and remembered how you...Edwardo, <A HREF="http://www.parapundit.com/" REL="nofollow"> I read this post</A> and remembered how you told me you had finally seen what a bubble health care and education had become. I thought you might like some updates. And while you are angry at Wall Street Bankers (and Hell I am more and more every single day), think a little about how the rest of us are starting to look at your neighbors.<br /><br />So I thought you might be interested in reading a little bit about the very real consequences your hometown industry has inflicted on others (though I will admit that none of the students in this particular article are from Boston area schools).<br /><br />And then remember education debt doesn't go away in bankruptcy! <br /><br />Apparently the (ostensibly liberal) educational establishment will do to their own what they would scream bloody murder against were they to see others do it.<br /><br />And remember, most education and health care based economies vote heavily democratic. Do you think Boston faculty are ready to shed jobs as they forgive debt in order to help indebted students out???<br /><br />Or do you think they think you and I as fellow taxpayers should do it instead?<br /><br />Just think about the politics of this one for a second- I can see strange bedfellows arising indeed.<br /><br />And remember, health care and education are the real economy. They represent a much larger % of the economy than either housing or finance or the two put together. <br /><br />We live in interesting times indeed.<br /><br />Anyway, hope you are well<br /><br />RegardsThaihttps://www.blogger.com/profile/00700253024420397221noreply@blogger.comtag:blogger.com,1999:blog-8902921887068783713.post-45282423522524479312009-04-18T13:04:00.000-07:002009-04-18T13:04:00.000-07:00Meant to write,
Armstrong's work is not designed....Meant to write,<br /><br />Armstrong's work is not designed...Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-8902921887068783713.post-60582028483306810122009-04-18T13:03:00.000-07:002009-04-18T13:03:00.000-07:00Armstrong's is not designed to catch market change...Armstrong's is not designed to catch market change in trends, but rather general economic trend changes, though I think there have been some notable turns that coincided with specific market highs and lows.Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-8902921887068783713.post-42538359068285937912009-04-18T07:27:00.000-07:002009-04-18T07:27:00.000-07:00Interesting. The S&P looks pretty damn overbo...Interesting. The S&P looks pretty damn overbought lately, and gold and other PMs look deeply oversold. If he picked April 19, he may be right on track.Mikehttps://www.blogger.com/profile/15398931203483061703noreply@blogger.com