Neal McClusky, with Cato, joined the program to talk about the run-away tuition costs, and the declining value of American Higher Education. John also took a look at how the student loan crises in America is just another symptom of big government at its worst.
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Big Three:
Student Loans will most likely be getting reformed. . . Because, obviously, students shouldn’t have to bear the full burden of the debt they took on for their education. . . That would go against all the liberal junk they learned in College:
The Politics Behind Student Loan Rate Stand-Off: Video - Bloomberg
Well. . . This quote sums it all up: (Another example of traditional data points not reflecting market conditions.)
“This Is Not a Normal Housing Market”: Economist Michelle Meyer | Daily Ticker - Yahoo! Finance
Are you looking for global signs of confidence? Keep looking.
Equity Market Correlation Takes a Dramatic Plunge: Video - Bloomberg
Other News
Right. . . Stephanie Cutter (the Obama Campaign Manager) met with the IRS chief. But no. . . It wasn’t a political discussion.
Obama 2012 Deputy Campaign Manager Stephanie Cutter In IRS Meetings - Investors.com
Well, in all fairness: Conservatives tend to drive pickup trucks, farm, an shoot lead bullets. . . So, yeah, this might have happened:
EPA accused of singling out conservative groups, amid IRS scandal | Fox News
The best part of this story is buried near the bottom in one innocuous sentence: The Treasury is on pace to take a 10 billion dollar loss.
Treasury, UAW health care trust will sell 50 million shares of GM stock | The Detroit News
Notebook