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bearishgurl.
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May 12, 2011 at 4:36 AM #695950May 12, 2011 at 5:04 PM #694999
carlsbadworker
ParticipantThe bubble will never burst. It just reflects the lower productivity of the government funded education program. In fact, as Larry Summers observe, everything that the government touches, from healthcare to post office, is bound to have lower productivity growth and as a result its share of household expanses is going to increase. Maybe until the date that the government is so over-bloated that we are running into $14.3 trillion debt ceiling and S&P threatens to downgrade its AAA status…nah, I take it back.
A segment of the college bubble may burst though which is called for profit education. Steve Eisman is on it (he is one of the few who is famous for shorting the subprime mortgage):
http://en.wikipedia.org/wiki/Steve_EismanMay 12, 2011 at 5:04 PM #695085ParticipantThe bubble will never burst. It just reflects the lower productivity of the government funded education program. In fact, as Larry Summers observe, everything that the government touches, from healthcare to post office, is bound to have lower productivity growth and as a result its share of household expanses is going to increase. Maybe until the date that the government is so over-bloated that we are running into $14.3 trillion debt ceiling and S&P threatens to downgrade its AAA status…nah, I take it back.
A segment of the college bubble may burst though which is called for profit education. Steve Eisman is on it (he is one of the few who is famous for shorting the subprime mortgage):
http://en.wikipedia.org/wiki/Steve_EismanMay 12, 2011 at 5:04 PM #695688ParticipantThe bubble will never burst. It just reflects the lower productivity of the government funded education program. In fact, as Larry Summers observe, everything that the government touches, from healthcare to post office, is bound to have lower productivity growth and as a result its share of household expanses is going to increase. Maybe until the date that the government is so over-bloated that we are running into $14.3 trillion debt ceiling and S&P threatens to downgrade its AAA status…nah, I take it back.
A segment of the college bubble may burst though which is called for profit education. Steve Eisman is on it (he is one of the few who is famous for shorting the subprime mortgage):
http://en.wikipedia.org/wiki/Steve_EismanMay 12, 2011 at 5:04 PM #695837ParticipantThe bubble will never burst. It just reflects the lower productivity of the government funded education program. In fact, as Larry Summers observe, everything that the government touches, from healthcare to post office, is bound to have lower productivity growth and as a result its share of household expanses is going to increase. Maybe until the date that the government is so over-bloated that we are running into $14.3 trillion debt ceiling and S&P threatens to downgrade its AAA status…nah, I take it back.
A segment of the college bubble may burst though which is called for profit education. Steve Eisman is on it (he is one of the few who is famous for shorting the subprime mortgage):
http://en.wikipedia.org/wiki/Steve_EismanMay 12, 2011 at 5:04 PM #696192ParticipantThe bubble will never burst. It just reflects the lower productivity of the government funded education program. In fact, as Larry Summers observe, everything that the government touches, from healthcare to post office, is bound to have lower productivity growth and as a result its share of household expanses is going to increase. Maybe until the date that the government is so over-bloated that we are running into $14.3 trillion debt ceiling and S&P threatens to downgrade its AAA status…nah, I take it back.
A segment of the college bubble may burst though which is called for profit education. Steve Eisman is on it (he is one of the few who is famous for shorting the subprime mortgage):
http://en.wikipedia.org/wiki/Steve_EismanMay 12, 2011 at 5:54 PM #695009scaredyclassic
ParticipantMaybe burst is the wrong word. How about balk? Or at least hesitate, question and think before enrolling.
May 12, 2011 at 5:54 PM #695096ParticipantMaybe burst is the wrong word. How about balk? Or at least hesitate, question and think before enrolling.
May 12, 2011 at 5:54 PM #695698ParticipantMaybe burst is the wrong word. How about balk? Or at least hesitate, question and think before enrolling.
May 12, 2011 at 5:54 PM #695847ParticipantMaybe burst is the wrong word. How about balk? Or at least hesitate, question and think before enrolling.
May 12, 2011 at 5:54 PM #696202ParticipantMaybe burst is the wrong word. How about balk? Or at least hesitate, question and think before enrolling.
May 12, 2011 at 5:58 PM #695019SK in CV
Participant[quote=carlsbadworker] In fact, as Larry Summers observe, everything that the government touches, from healthcare to post office, is bound to have lower productivity growth and as a result its share of household expanses is going to increase. [/quote]
Pretty typical of Summers to ignore facts and just spout idealogy. The USPS works. Very well, actually. Cheapest postage in the world. Increased efficiency every year for the last 10 on significantly lower volume. Retirement plan 99% fully funded. Without a single penny of government money. Summers proves his foolishness again.
(And Medicare works too. Very well.)
May 12, 2011 at 5:58 PM #695106Participant[quote=carlsbadworker] In fact, as Larry Summers observe, everything that the government touches, from healthcare to post office, is bound to have lower productivity growth and as a result its share of household expanses is going to increase. [/quote]
Pretty typical of Summers to ignore facts and just spout idealogy. The USPS works. Very well, actually. Cheapest postage in the world. Increased efficiency every year for the last 10 on significantly lower volume. Retirement plan 99% fully funded. Without a single penny of government money. Summers proves his foolishness again.
(And Medicare works too. Very well.)
May 12, 2011 at 5:58 PM #695708Participant[quote=carlsbadworker] In fact, as Larry Summers observe, everything that the government touches, from healthcare to post office, is bound to have lower productivity growth and as a result its share of household expanses is going to increase. [/quote]
Pretty typical of Summers to ignore facts and just spout idealogy. The USPS works. Very well, actually. Cheapest postage in the world. Increased efficiency every year for the last 10 on significantly lower volume. Retirement plan 99% fully funded. Without a single penny of government money. Summers proves his foolishness again.
(And Medicare works too. Very well.)
May 12, 2011 at 5:58 PM #695857Participant[quote=carlsbadworker] In fact, as Larry Summers observe, everything that the government touches, from healthcare to post office, is bound to have lower productivity growth and as a result its share of household expanses is going to increase. [/quote]
Pretty typical of Summers to ignore facts and just spout idealogy. The USPS works. Very well, actually. Cheapest postage in the world. Increased efficiency every year for the last 10 on significantly lower volume. Retirement plan 99% fully funded. Without a single penny of government money. Summers proves his foolishness again.
(And Medicare works too. Very well.)
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