Global Economy Bursting?

[Restrain]

Inflation Rate hit 3.6% in May, climbing.

http://www.americanthinker.com/2011/06/inflation_climbs_to_36_in_may_palin_was_right.html

 

[Randolph Kinney]

It is certainly not inexpensive to attend college, and people who borrow 100% of the needed funds to attend a high cost institution are some of the most foolish people on the planet. There ways to get a degree that are much less expensive than others. Half at a community college and half at a public university while working full-time is certainly possible and the route I recommended for my nephew. At the end of seven years he had his degree and seven years experience working for the Wheaton, IL library.

I am very thankful for my liberal arts degree. The experience of college alone was worth the money in my case, it was a transformational five years. To this point it has enabled me to have four different careers that I greatly enjoyed, and I am planning the fifth right now. I would be misserable working at a single place all my life just for financial reasons. I can think of little that would be as repulsive.

Arizona State University is cheap compared to the university system in California.

How Much Does College Cost?

http://californiacolleges.edu/finance/how-much-does-college-cost.asp

The fees displayed in the charts below at the California Community Colleges, California State University, and the University of California are for California residents only. Nonresidents pay an additional $22,717 in tuition and fees at UC, $11,160 at CSU, and about $180 more per unit at the California Community Colleges.

The costs of tuition will increase over 10% in the fall.

And to add to your favorite selling points of having a college degree (from the web site above):

The realities of colleges and universities is that they have faculty and staff to protect. They need a steady supply of students to maintain their wages and benefits. They know they have to offer discounts in the way of financial aid to get many students.

California College Tuition Costs To Increase 32 PERCENT Due To State Budget Crisis, Students Protest Hike

This is an old headline but it illustrates the point of rising costs to the students and parents and how taxpayers are supporting the college and university system.

Bottom line, a college degree is not worth it in many cases today and going forward. The employment picture has changed for the private sector. 1099 contractors are in, regular employees are out. Self employment has greater enjoyment over working for a company. I don't worry about a layoff. I can change what I do any time I want to.

 

[Randolph Kinney]

Time to go back to college. Here is what people can look forward to:

Why the Jobs Situation Is Worse Than It Looks

We now have more idle men and women than at any time since the Great Depression

http://www.usnews.com/opinion/mzuck...why-the-jobs-situation-is-worse-than-it-looks

The real job losses are greater than the estimate of 7.5 million. They are closer to 10.5 million, as 3 million people have stopped looking for work. Equally troublesome is the lower labor participation rate; some 5 million jobs have vanished from manufacturing, long America's greatest strength. Just think: Total payrolls today amount to 131 million, but this figure is lower than it was at the beginning of the year 2000, even though our population has grown by nearly 30 million. For May, nonagricultural full-time employment actually fell by 142,000, on top of the 291,000 decline the preceding month. Today, over 14 million people are unemployed. Nearly seven people in the labor pool compete for every job opening. Labor's share of national income has fallen to the lowest level in modern history, down to 57.5 percent in the first quarter as compared to 59.8 percent when the so-called recovery began. This reflects not only the 7 million fewer workers but the fact that wages for part-time workers now average $19,000—less than half the median income.

 

[Randolph Kinney]

More unemployment to come and politics as usual:

U.S. to release 30 million barrels of oil from Strategic Petroleum Reserve

The Obama administration announced Thursday that it would release 30 million barrels of oil from the emergency Strategic Petroleum Reserve, citing the loss of oil production as a result of the conflict in Libya and the upcoming energy demands of the summer season.

The step, amid signs that rising fuel prices is hampering the economic recovery, is part of a global coordinated action that will release a total of 60 million barrels of oil.

 

[Terrel L. Shields]

With the downward pressure on pricing, I really don't understand dumping oil on the market. There is no shortage here and Libyan oil is the issue....the new oil has to be compatible with the Libyan oil lost.

I don't see Khaddafi being removed from power short an extraordinary push which will cost us and Europe tons of money.. And the stalemate could last a year or longer - another fine example of meddling where we don't need to then not appllying the max power when we do decide to go in
http://www.youtube.com/watch?v=IhJQp-q1Y1s
hit them hard and get it over with or get out

 

[Randolph Kinney]

Every Stock Trader Is Watching This Huge Level

Read more: http://www.businessinsider.com/char..._campaign=Moneygame_COTD_062311#ixzz1Q8YrkRgn

 

[Terrel L. Shields]

It will break thru the 200 day average perhaps this week...next at latest

 

[DTB]

Every Stock Trader Is Watching This Huge Level

Read more: http://www.businessinsider.com/char..._campaign=Moneygame_COTD_062311#ixzz1Q8YrkRgn

So long as it moves, chop doesn't do me much good.

 

[Workbox]

So long as it moves, chop doesn't do me much good.

Compare that chart to the dot.com and RE bubble. This is the no-real-earnings bubble. They are trying to get to 1320 and once it gets there it will level out and some where around fall or the first part of the fist quarter.......BAMM!! down to 650!

 

[Terrel L. Shields]

They are trying to get to 1320 and once it gets there it will level out and some where around fall or the first part of the fist quarter.......BAMM!! down to 650!

that's a scary thought...but Bernanke made it pretty plain yesterday that he sure as heck doesn't hava clue