Basic Math | InvestmentWatch

The problems with the US school system (straight from a 17-year-old)…

This comes directly from a 17-year old. I graduated from high school this year.

When I speak low of the school system, many “adults” dismiss my claims, saying I “haven’t tried hard enough” or “maybe the courses weren’t that challenging.”

Perhaps, but it goes far deeper than that, and I don’t dislike school because I am “afraid” of learning (most of my classmates just hate school to hate school); I like to [...]

That Which Is Unsustainable Will Go Away: Pensions

by Charles Hugh Smith from Of Two Minds

That Which Is Unsustainable Will Go Away: Pensions

Publicly funded pensions and Medicare are two examples of unsustainable systems that will go away in the decade ahead. Today we look at pensions, tomorrow we examine Medicare.

One of the few things we know with certainty is that which is unsustainable will go away and be replaced by another more sustainable arrangement. Whether we like it or not, [...]

Germany Is Just Buying For Time… More Bailout Funds Aren’t Coming

by Phoenix Capital Research

Deflation, particularly the dreaded debt deflation that Central Banks fear, is fast spreading throughout the financial system as the European banking system collapses.

Indeed, the EU, in its current form, is most certainly in its final chapter as both the political environment and market conditions have rendered all proposed “solutions” to the crisis moot.

To wit, the most recent proposals from EU leaders are:

1) To draft new budgetary requirements for [...]

Of course RIM is downsizing. The BlackBerry is over.

By Alexandra Petri

Sorry, Torch. Next time try naming your phone for a technology not from the Stone Age! (Andrew Harrer) BlackBerry missed the memo.

Can’t play Angry Birds on it? Kiss that smartphone goodbye.

Besides, BlackBerrys are hardly smartphones. They’re phones that were told they were smart until they got to college and discovered they were incapable of doing basic math. They’re small fish that once dominated the [...]

STUDY: ‘GOOGLE is making us all dumber’ – we rely too much on search engines to remember small details or facts

Struggling to remember street names or basic math? Blame Google.

A new study by Columbia University psychologists does just that. A new type of amnesia, called the Google Effect, is impacting how humans remember facts because we rely too much on search engines to remember small details or facts.

The study finds that when we know where to find information online, we are less likely to remember it [...]

Rasputin pretty much guarantees an all-out bailout of the mortgage fiasco via nationalization of the entire mortgage industry.

by RobotTrader

Today’s POMO pretty much tipped it off.

Any wonder why Bill Gross has suddenly disclosed that he has been wolfing down MBS securities hand over fist?

…………………………………………..

Hmmm, let’s do some basic math here.
Rasputin – Fri, Oct 15, 2010 – 04:02 PM

“On one hand, we see the Fed doing a VERY temporary, teeny, tiny “Reverse Repo” (Translation: Handing back the failed Pigmen gamblers a couple of their dead, toxic instruments, [...]

To keep a house with an $800,000 mortgage that’s appraised at $400,000 and pay it off. With interest that will come to about $1.7 million for a $400,000. That there’s the path to riches! Debt = wealth. Slavery = freedom.

Most people who went into foreclosure never had a prayer of paying off their loans. Most Americans can’t do basic financial math. Check out this report on education in America:

It’s unreal. I’ve talked to lawyers and middle managers with bachelor’s or master’s degrees who can’t figure out an amortization schedule or what the total cost of interest paid is on a 30 year fixed loan. America is a dream [...]

InvestmentWatch

The problems with the US school system (straight from a 17-year-old)…

That Which Is Unsustainable Will Go Away: Pensions

Of course RIM is downsizing. The BlackBerry is over.

STUDY: ‘GOOGLE is making us all dumber’ – we rely too much on search engines to remember small details or facts

Rasputin pretty much guarantees an all-out bailout of the mortgage fiasco via nationalization of the entire mortgage industry.

To keep a house with an $800,000 mortgage that’s appraised at $400,000 and pay it off. With interest that will come to about $1.7 million for a $400,000. That there’s the path to riches! Debt = wealth. Slavery = freedom.

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