The post below originally appeared in January, and I feature it again today because it highlights one of the reasons that the higher education bubble might be unsustainable: Much of the increased cost of college tuition has gone to fuel … read more
The chart above shows one measure of housing affordability over time by displaying the monthly mortgage payments (adjusted for inflation) for a median-priced new home (Census data here) financed at the prevailing 30-year mortgage rate in each month back to … read more
Robert Reich, “The Commencement Address That Won’t Be Given“: “Outstanding student debt now totals over $1 trillion. That’s more than the nation’s total credit-card debt. The extraordinary rise in student debt is due to two related facts: the cost of … read more
The chart above shows the historical relationship between: a) college enrollment rates for high school graduates (blue line, left scale) which have gone from 30% to almost 50% between the early 1970s and 2009, b) college enrollment rates for all … read more
Obama’s re-election odds on Intrade have been trending downward since peaking about a month ago at 61.5%, and have now fallen below 57% for the first time since early February (see chart).