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PM's not the next bubble that has burst
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Thread: PM's not the next bubble that has burst

  1. #1
    Join Date
    Feb 2011
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    Treasure Valley, Idaho
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    849

    Default PM's not the next bubble that has burst

    Yeah IMO I see student debt hovering around $1 trillion. That debt can't be f***ed off like a mortgage or car loan by filing for bankruptcy. It's gonna suck to be part of the entitlement generation, because they will be entitled to pay off this debt (most likely with their co-signers assets).

    Social media: what a joke Facebook was yesterday. Everybody in the mainstream media was claiming that the Facebook IPO was going to the moon. It makes me wonder WTF? How can a social media site that I've never even thought of advertising on be worth $100's of billions. Can somebody say MySpace?.....

    People investing in these (Zynga, Linkedin, and Groupon) will be left with nothing but a lump in their throat. Meanwhile the buyer of overpriced physical PM's will still have their stack, and have learned a very important lesson of being patient.

  2. #2
    Join Date
    May 2007
    Location
    Atlanta
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    10,577

    Default

    Quote Originally Posted by broox419 View Post
    Yeah IMO I see student debt hovering around $1 trillion. That debt can't be f***ed off like a mortgage or car loan by filing for bankruptcy. It's gonna suck to be part of the entitlement generation, because they will be entitled to pay off this debt (most likely with their co-signers assets).

    Social media: what a joke Facebook was yesterday. Everybody in the mainstream media was claiming that the Facebook IPO was going to the moon. It makes me wonder WTF? How can a social media site that I've never even thought of advertising on be worth $100's of billions. Can somebody say MySpace?.....

    People investing in these (Zynga, Linkedin, and Groupon) will be left with nothing but a lump in their throat. Meanwhile the buyer of overpriced physical PM's will still have their stack, and have learned a very important lesson of being patient.

    Unfortunately far too many have wasted four years of earning power and piled on a ton of debt and were never able to even take advantage of their degrees and that was in past decades.

    Now far more people are going for degrees, chasing far fewer jobs and they are going even deeper in debt to get those degrees.

    We see statistics showing how much more those with degrees make on average versus those that do not get a degree, but where are the statistics that show how many people with degrees never find a job using their degree. I'm not talking about people not working in the field they have a degree in, but any job that requires a degree. Plus how many years of increased salary does it take to pay off those student loans before you even break even, assuming you are able to benefit from your degree to begin with?
    I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!

  3. #3
    Join Date
    Apr 2009
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    5,003

    Default

    Quote Originally Posted by valerb View Post
    We see statistics showing how much more those with degrees make on average versus those that do not get a degree, but where are the statistics that show how many people with degrees never find a job using their degree. I'm not talking about people not working in the field they have a degree in, but any job that requires a degree. Plus how many years of increased salary does it take to pay off those student loans before you even break even, assuming you are able to benefit from your degree to begin with?
    I did read a study quite a while ago which compared two kids, 18, one going to work at McDonald's and the other going to medical school to be doctor.

    Paraphrasing from memory, it took the doctor until age 50+ (or some lengthy time as that) to catch up to the Mickey D's worker in financial terms (earnings only).

    I actually knew two people who, when young (late teens), got jobs managing managing a McD's.
    They both made close to $100,000 a year.
    Although one guy went bankrupt in a year because he was 18 making $100,000 a year! lol!

  4. #4
    Join Date
    Jan 2011
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    345

    Default

    Was that person you?

  5. #5
    Join Date
    Apr 2010
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    3,669

    Default

    Quote Originally Posted by ~G~ View Post
    Was that person you?
    Funny. But not as funny as Failbooks so called valuation of 100 Billion USDs. How much is the Silver Market supposed to be worth? Or, how many Billion USDs "worth" of above ground Silver is available? Anyone got the numbers to clarify this idiocy?

  6. #6
    Join Date
    Dec 2008
    Location
    Washington
    Posts
    395

    Default

    In order the greatest bubbles (currently):

    Paper Money
    U.S. Bonds
    Japanese bonds
    Stock Markets
    Electronics and Tech Businesses
    Green Technology


    Imbalances to be corrected shortly!

  7. #7
    Join Date
    Apr 2012
    Location
    Scottsdale, Arizona
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    Default

    Does anyone other than John Galt know what will be the next good investment (besides Precious Metals)?

  8. #8
    Join Date
    Feb 2011
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    Treasure Valley, Idaho
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    Default

    Quote Originally Posted by maplesilverbug View Post
    Paraphrasing from memory, it took the doctor until age 50+ (or some lengthy time as that) to catch up to the Mickey D's worker in financial terms (earnings only).
    I don't know about Canada, but here in the US it sure seems difficult to get in to see a specialist. It sounds like fewer and fewer people are less motivated to spend 12 years in college and then be 150k+ in the hole. I guess the moral here is to keep oneself healthy at all cost because there may not be a doctor readily available in the future.

  9. #9
    Join Date
    Apr 2012
    Location
    Scottsdale, Arizona
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    Default

    Quote Originally Posted by broox419 View Post
    I don't know about Canada, but here in the US it sure seems difficult to get in to see a specialist. It sounds like fewer and fewer people are less motivated to spend 12 years in college and then be 150k+ in the hole. I guess the moral here is to keep oneself healthy at all cost because there may not be a doctor readily available in the future.
    The logical alternative is to get smart and earn a bunch of bucks, then take a medical tourism vacation. The best health care is still available, but you'll have to pay for it. Some are saying Brazil is a good place to go for most medical needs.

  10. #10
    Join Date
    Dec 2011
    Posts
    113

    Default


    I don't know what's worse. Buying Facebook hoping it will skyrocket and it failing miserbly or knowing in your heart that Facebook would tank and not putting everything you had into shorting Facebook. Either way yer all idiots. Myself included.

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