Student Loan Debt: Now More Ridiculous Than Ever

Bloomberg BusinessWeek has a massive piece on the student loan bubble that you should probably get to this weekend. While proponents of college educations will rightfully cite the differential pay statistics between high school and college graduates, there are clearly other considerations.  Even despite the fact that college educated unemployment is around 4%, much better…

And now, ladies and gentlemen, I give you the John Mayer Ponzi Scheme

Aught’s decade crooner and America’s favorite starlet-nailing douchebag John Mayer may be the subject of a little clawback action – and I don’t mean the type of clawed backs he’s used to… From TMZ: John Mayer has just been dragged into a lawsuit over a $100 million Ponzi scheme — and according to the docs,…

Lengthen Your Timeframe and Step Back

The great thing about the financial web is that it’s an idea exchange and it’s educating millions of readers on hyper-specific topics that only the pros have an interest in writing about.  The drawback, however, is that there are many bloggers who simply need something to write about everyday, regardless of whether or not it…

In which Downtown takes the blame for Facebook

Facebook shareholders have watched $50 billion in valuation blown to smithereens in three months and now everyone wants to point a finger as to how that could’ve happened.  I’m willing to take the blame. In the fable The Emperor’s New Clothes, the the clothiers of the titular ruler were repeatedly fooling their master, outfitting him…

Mutual Fund Exodus by the Numbers

Josh here – Nick Colas, Chief Market Strategist at ConvergEx, calculates that investors have left roughly $65 billion in gains on the table by walking away from their equity mutual funds over the last several years.  This is offset by the fact that they may have simply switched some of the money into bond funds,…