I'd love to believe this, but that report is two years old.
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The data just gets worse. Look at the performance of all the stocks they shorted, delinquencies of student loans. It’s just a continuation.
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Navient, Sallie Mae, Scholastic are all down over the past year while the market was up 15%; HMHC is down 34% in the past year.
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Not to sound ghoulish, but I'm very glad to hear this.
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This has countless facts wrong and is an incomplete and poorly done analysis of higher education economics.
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You're gonna have to come with examples if your'e making claims like that :)
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To rebut the obviously silly "for many, costs now exceed the value of the degree" claim, check this:http://awealthofcommonsense.com/2018/04/is-college-worth-the-cost/ …
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That doesn't refute anything. It says that on average people that go to college make more money. That in no way means that college is a good deal or good decision for everyone.
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Do you genuinely think there's a person on earth who would back an argument as broad as "college is a good deal or good decision for everyone?"
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Do you think there’s a person who would back a statement such as “college is becoming a better deal?”
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It already feels like this isn't a discussion of the misstated facts of that research piece and instead a broad, amorphous and unenlightening debate about higher ed ROI.
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Higher ed ITSELF can't be a speculative bubble, since you can't resell a degree. But the attendant vulture industries are due for a drawdown.
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Not every bubble is speculative
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Bubbles bursting requires some major reversal of expectations. Not sure how you have that WITHOUT speculation.
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You assume the value of a degree is x, turns out it’s x/2
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But then what? You weren't counting on flipping the asset. Higher ed isn't going to "pop". It'll be a long, slow grind.
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I agree that bubble is the wrong word/phenomenon but there is a reckoning due. Repayment drops -> reduced loans available-> tuition drops -> then what? How does the unwinding feed on itself?
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I hope this bubble pops but every stock mentioned in the "Flow Point document" basically bottomed at the exact date it was written and all names trade higher today. Talk about wrong timing.
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They’re all down significantly since the time of writing...
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Wrong Austen, please learn to read a stock ticker price and chart. Posted for your viewing pleasure. Charts start Feb 18, 2016, date of your link document.pic.twitter.com/sdrcqDboIc
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Why are you so aggressive?
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Well, when I innocently pointed out that the stocks are up since the article was posted, Austen got aggressive (as he is with other comment-ers) so I corrected him. When he continued, I figured he's stubborn or has an agenda. Read both our feeds - see who's aggressive.
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