Student Loan Debt and the Big Higher Education Scam
Has higher education become another great American scam?
I'm not talking about the rich getting scammed. They don't wind up saddled with student loan debt after they graduate.
I'm talking about the kids who want a higher education because they believe it's their ticket to employment and well-compensated careers. They pay for it themselves, or their parents cosign on loans or take out personal loans on behalf of their kids' college dreams.For them, higher education is increasingly looking like a scam. Here's why...
Vaccinate Against This Fiscal Contagion
Editor's Note: Special contributor Michael Lewitt publishes the highly regarded The Credit Strategist and was recognized by the Financial Times for forecasting both the financial crisis of 2008, and also the credit crisis of 2001-2002. His 2010 book, The Death of Capital: How Creative Policy Can Restore Stability (John Wiley & Son) was included in the curriculum at the University of Michigan and Brandeis University.
The European financial crisis is often pushed out of the headlines by crises of a more incendiary variety. That might suggest the problem has diminished. It hasn't.
The saga of Portugal's Banco Espirito Santo is a sure sign to investors that the European financial crisis is anything but over.
Mario Draghi and the European Central Bank (ECB) may keep its finger in the dike, but the dike is only going to spring more holes.
European banks are still highly leveraged. Their investors are likely to run for the hills at the first sign of trouble, and governments are going to be reluctant to bail them out unless they feel that their collapse poses a systemic risk.
Global investors are, for the most part, shrugging off the problems at Banco Espirito Santo, but European investors are not taking things so lightly. Here's why you shouldn't, either…
Yahoo Stock (Nasdaq: YHOO) Surges Despite First-Ever Mayer Earnings Miss
Yahoo! Inc. (Nasdaq: YHOO) reported second quarter 2014 earnings results after closing bell today (Tuesday). Despite a miss, Yahoo stock surged more than 2.25% after hours.Here’s what’s going on…
Alibaba IPO Update: Earnings Report Today
Investors were given an update on the Alibaba IPO today (Tuesday) when Yahoo! Inc. (Nasdaq: YHOO) reported second quarter earnings. Yahoo owns a 24% stake in Alibaba Group Holding Ltd. (NYSE: BABA) and will be selling a large percentage of its shares through the IPO.
However, Alibaba granted Yahoo permission to sell fewer shares in the IPO later this year, in a move that will help Yahoo maintain more control in the Chinese e-commerce giant.YHOO shareholders also received good news from today’s report…
Bullish Alibaba Stock Predictions Released in New Survey
Alibaba stock will hit the New York Stock Exchange later this year – possibly as soon as next month – and investors around the world are wondering how BABA stock will perform when it debuts.
Highly anticipated IPOs can be extremely volatile in their first days. Some jump out of the gate, while others fizzle.According to a recent survey, 88% of finance experts expect the stock to post first-month gains. But that’s not all...
What the Gold Price Did Today
Gold for August delivery, the most actively traded contract, rose $4.50, or 0.3%, to $1,310.60 an ounce in morning trading. Spot gold gained $2.70 to $1,310.Find out what moved the gold price today - and this week - here...
Tesla (Nasdaq: TSLA) Stock's Bullish Long-Term Outlook Boosted by China Mandate
Tesla Motors Inc. (Nasdaq: TSLA) stock has come to be known for its short-term volatility, and that's precisely the case again this week. TSLA stock jumped as much as 4% yesterday (Monday) from its open price, before dipping as low as 3.7% today.But this recent news from China solidifies the case for TSLA stock’s long-term potential…
Silver Price Falters This Week as Panic over Portuguese Banks Subsides
Portuguese bank struggles helped to bolster the silver price last week, but those gains were erased yesterday (Monday).Here's why silver investors bailed on the white metal...
Goldman Sachs (NYSE: GS) Earnings Show Investment Banking Growth; Stock Rises
Goldman Sachs Group Inc. (NYSE: GS) stock is up today (Tuesday) after GS earnings surprised Wall Street with a strong beat. The investment powerhouse reported second quarter results before Tuesday's opening bell.Here are all the details…