Well, who didnât see this coming? The day after President Obama signed an increase in the USâs debt ceiling into law, the value of the dollar has taken a dive. from Wall Street Journal: Expectations that the Federal Reserve will have to keep its easy-money policies in place for longer following the partial U.S. government shutdown pushed the dollar close to its lowest point of the year against the euro and U.S. Treasury debt prices to their highest point since July. Yields on the 10-year Treasury note, which move inversely to prices, touched 2.538%, the lowest level since July 24, according to CQG. The dollar continued its slide against major rivals, including the euro, the yen and the pound. The euro recently bought $1.3686 from $1.3676 late Thursday, while the pound fetched $1.6186 from $1.6165. The greenback traded at Â¥97.71 from Â¥97.93. The drop in the dollar and the rise in Treasury debt prices were set in train earlier this week after lawmakers reached a temporary solution to raise the so-called debt ceiling, showing that investors doubt the Fed can start to reel in its stimulus measuresâa process dubbed taperingâfor as long as economic performance and data is compromised by the now-ended shutdown, and as long as the risk of repeat shutdowns lingers. The Obama administrationâs continued devaluation of the dollar (along with establishment Republicans who allow him to do it) places our nationâs economic security at long-term risk. The very idea of servicing our existing debt with new debt is irrational and dangerous.
In five years it will cost about the same as now, but the loaf will only weigh 3/4 as much and be exactly the same size as today. It will contain 25% more air. Only those with a Junior College degree or above will be able to tell that something has happened to their bread. But 25% fewer will have degrees beyond the GED, many having been convinced by the far right wing of the political spectrum that education is worthless.
Completely untrue pie. We're convinced, and for good reason, that most liberal arts degrees, rabid liberal professors preaching the leftist agenda instead of teaching and the insane cost of largely worthless degrees is...well...worthless. Reasonably priced math science and computer programming degrees are well worth it.
Lucrum, I've always thought you were one of the brightest posters on ET. And you have just proved the wisdom of my prediction by helping to make my point. Thank you sir. Let me add something that I know you are aware of: the voter base of the far right in politics comes largely from the less well-educated segment of the voting population. Thus their message works to solidify and build their base. Are they being too clever?
"Here's the big picture in one chart showing the share of family spending per category over the 20th century. The big story is that spending on food and clothes has fallen massively while spending on housing and services has gone up." <img src="http://cdn.theatlantic.com/static/mt/assets/business/1900%201950%202003.png"> How America Spends Money: 100 Years in the Life of the Family Budget
No I didn't. You'd just like to think I did. I'm not anti education. I'm anti over priced worthless education. You mean like the tea party? Which according to a recent Yale study are more science literate than non tea party members. You really should try to get your info from more reputable sources than MSNBC.
17 trillion? not a big deal. give it to a woman, she will quickly spend it on shoes. a month later won't have anything to wear , as they are all not good enough