Is there any synthetic way to play the bubble burst of college tuition?
It's probably the most obvious trade right now that no one can actually hedge themselves on.
I have:
a) some plans
b) a delusional level of conviction that they will work.
This has historically been a good combination of things to have, from what I can tell.
Absolutely incredible…
After watching the Biden Administration be rejected for telling working-class Americans that what they felt was wrong and the economy was actually fantastic, Trump has decided to do the exact same thing.
The riskiest thing to do is not take risks in your 20s.
The 20s are made to fail and try again.
This is true from a societal perspective as well as cash, responsibilities, time, energy…
Compounding leads to an exponential loss of potential as you grow older if you don’t take action.
If it’s you on your own with nothing to lose, why aren’t you giving it your all?
History shows us that having too much debt during an economic downturn leads to a classic, self-reinforcing cycle where:
1) The empire can no longer borrow the money to repay its debts
2) It prints a lot of new money, which devalues the currency and raises inflation
3) Living standards decline, leading to the rise of political extremism
4) Turbulent economic conditions undermine productivity and there is conflict about how to divide the shrinking resources
5) Populist leaders emerge pledging to take control and bring about order