[pencilneck]

money gained from “refinanced for toys” = fully taxable income at the time of debt forgiveness.

His problems will not simply go away by defaulting, and he may be far deeper in debt than either he or his parents realize.

But, yes, people like this will dribble out for years to come. Ditto on this as well: “I see ruined credit for their parents in the future.”

[pencilneck]

money gained from “refinanced for toys” = fully taxable income at the time of debt forgiveness.

His problems will not simply go away by defaulting, and he may be far deeper in debt than either he or his parents realize.

But, yes, people like this will dribble out for years to come. Ditto on this as well: “I see ruined credit for their parents in the future.”

[pencilneck]

money gained from “refinanced for toys” = fully taxable income at the time of debt forgiveness.

His problems will not simply go away by defaulting, and he may be far deeper in debt than either he or his parents realize.

But, yes, people like this will dribble out for years to come. Ditto on this as well: “I see ruined credit for their parents in the future.”

[pencilneck]

money gained from “refinanced for toys” = fully taxable income at the time of debt forgiveness.

His problems will not simply go away by defaulting, and he may be far deeper in debt than either he or his parents realize.

But, yes, people like this will dribble out for years to come. Ditto on this as well: “I see ruined credit for their parents in the future.”

[pencilneck]

Link to article “Unemployment Rate and Level of Education” at Calculated Risk. Contains chart similar or identical to the one Eugene mentioned:

http://www.calculatedriskblog.com/2010/03/unemployment-rate-and-level-of.html

You make an interesting point Eugene and I don’t completely disagree. However, unemployment among the college educated has gone from ~2% to ~5% in a very short period of time.

In the past few years the unemployment rate has doubled for most segments on this chart. For college educated, the unemployment rate has more than doubled. Interesting.

[pencilneck]

Link to article “Unemployment Rate and Level of Education” at Calculated Risk. Contains chart similar or identical to the one Eugene mentioned:

http://www.calculatedriskblog.com/2010/03/unemployment-rate-and-level-of.html

You make an interesting point Eugene and I don’t completely disagree. However, unemployment among the college educated has gone from ~2% to ~5% in a very short period of time.

In the past few years the unemployment rate has doubled for most segments on this chart. For college educated, the unemployment rate has more than doubled. Interesting.

[pencilneck]

Link to article “Unemployment Rate and Level of Education” at Calculated Risk. Contains chart similar or identical to the one Eugene mentioned:

http://www.calculatedriskblog.com/2010/03/unemployment-rate-and-level-of.html

You make an interesting point Eugene and I don’t completely disagree. However, unemployment among the college educated has gone from ~2% to ~5% in a very short period of time.

In the past few years the unemployment rate has doubled for most segments on this chart. For college educated, the unemployment rate has more than doubled. Interesting.

[pencilneck]

Link to article “Unemployment Rate and Level of Education” at Calculated Risk. Contains chart similar or identical to the one Eugene mentioned:

http://www.calculatedriskblog.com/2010/03/unemployment-rate-and-level-of.html

You make an interesting point Eugene and I don’t completely disagree. However, unemployment among the college educated has gone from ~2% to ~5% in a very short period of time.

In the past few years the unemployment rate has doubled for most segments on this chart. For college educated, the unemployment rate has more than doubled. Interesting.

[pencilneck]

Link to article “Unemployment Rate and Level of Education” at Calculated Risk. Contains chart similar or identical to the one Eugene mentioned:

http://www.calculatedriskblog.com/2010/03/unemployment-rate-and-level-of.html

You make an interesting point Eugene and I don’t completely disagree. However, unemployment among the college educated has gone from ~2% to ~5% in a very short period of time.

In the past few years the unemployment rate has doubled for most segments on this chart. For college educated, the unemployment rate has more than doubled. Interesting.

[pencilneck]

Quaint idea. Back in the dark days before flipping was so popular I believe this type of strategy used to be called “investing”…

…and/or “speculation”. Best of luck to you.

[pencilneck]

Quaint idea. Back in the dark days before flipping was so popular I believe this type of strategy used to be called “investing”…

…and/or “speculation”. Best of luck to you.

[pencilneck]

Quaint idea. Back in the dark days before flipping was so popular I believe this type of strategy used to be called “investing”…

…and/or “speculation”. Best of luck to you.

[pencilneck]

Quaint idea. Back in the dark days before flipping was so popular I believe this type of strategy used to be called “investing”…

…and/or “speculation”. Best of luck to you.

[pencilneck]

Quaint idea. Back in the dark days before flipping was so popular I believe this type of strategy used to be called “investing”…

…and/or “speculation”. Best of luck to you.

[pencilneck]

“Folks, here’s my prediction. Car prices across the board are about to plummet.”

This chart of overall car sales offers some support of your prediction. There has been a breathtaking plunge in sales post 2008.

http://martincapital.com/chart-pgs/Pg_sales.htm

Note the cash for clunkers program visible in mid 2009.

[Author]

Posts