Consumer Credit - Buy a car or go to school?
MsMorrisine
Posts: 33,088 ✭✭✭✭✭
Student Loans outstanding - $1.3604 Trillion
Car Loans - $971.8 Billion
These numbers exclude mortgages
Revolving credit - $899.5 Billion
Non-Rev credit - $2.485 Trillion
Total - $3.3845 Trillion
National Debt - $18.2623 Trillion
Car Loans - $971.8 Billion
These numbers exclude mortgages
Revolving credit - $899.5 Billion
Non-Rev credit - $2.485 Trillion
Total - $3.3845 Trillion
National Debt - $18.2623 Trillion
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
0
Comments
In looking at the numbers, my way of thinking is not the norm.
Most rational people's way of thinking is not the norm.
Too many positive BST transactions with too many members to list.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
A real education is probably a good idea. A debt financed 4 year I'm-not-ready-to-work-for-a-living vacation that ends in a useless degree probably isn't.
<< <i>A real education is probably a good idea. A debt financed 4 year I'm-not-ready-to-work-for-a-living vacation that ends in a useless degree probably isn't. >>
how true.
purchase a car, if you are fully employed. Your employer may offer college tuition grants to employees.
DEBT FREE and LOVING IT
Yes I did the scream from the nearest hill
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
Knowledge is the enemy of fear
<< <i>Household wealth increased by $1.3 trillion in the first 3 mon t hs of this year. >>
Because the FED continues to fail at trying to convince people to spend. How desperate the FED is will be revealed with capital controls, i.e. a war on cash and the resulting negative interest rates.
FED: "So you want to save instead of spend. It's gonna cost ya."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
FED plan working. There is no war on cash or negative interest rates.
I was listening to the progressive channel on Sirius radio yest and astounded by the lies that weRe spoken and presented as fact. Reminded me very much of this forum.
Knowledge is the enemy of fear
<< <i>Wealth increased because of higher prices for assets such as stocks and real estate. People are buying what they need.
FED plan working. There is no war on cash or negative interest rates.
I was listening to the progressive channel on Sirius radio yest and astounded by the lies that weRe spoken and presented as fact. Reminded me very much of this forum. >>
Oh, you were referring to the 1%. Gotta agree with you there on the wealth increase. However do not lose sight that it is mostly a wealth transfer.
Most people are buying only what they need, thus poor money velocity. Because the war on cash and coming negative interest rates have not yet reached you does not mean they do not exist.
You keep forgetting the global economy is a world wide effort. Why else have a G-7 and G-20. Those guys aren't meeting just for the fellowship. Throw the World Bank and International Monetary Fund into the mix and you have a recipe for disaster.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Americans' net worth hit a record last quarter as home values and stock prices rose."
And....
"Retail sales climbed 1.2% in May, underscoring a recent run of strong growth signals."
<< <i>Just to restate....from the front page of today's WSJ....
"Americans' net worth hit a record last quarter as home values and stock prices rose."
And....
"Retail sales climbed 1.2% in May, underscoring a recent run of strong growth signals." >>
Which Americans, the majority?
Maybe it was the record number receiving government assistance.
My house is now worth more. Of course if I sell it I'll pay more for a replacement. Net worth is a relative term.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Oh, you were referring to the 1%. Gotta agree with you there on the wealth increase.
No, I was referring to the smart people who didn't listen to the fools who said PMs were the only investment one should make.
But you already knew that and are desparately grasping at straws to propagate your misinformation agenda.
Knowledge is the enemy of fear
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Judging by the above measurements, the U.S. economy looked robust and healthy in 2006. As we soon discovered, it wasn't.
My Adolph A. Weinman signature
<< <i>I don't think the real health of the economy can be judged by reference to easily manipulated government statistics (such as the rate of inflation), or by prices that depend to a large extent on government policy (such as housing prices and stock market indexes).
Judging by the above measurements, the U.S. economy looked robust and healthy in 2006. As we soon discovered, it wasn't. >>
So much so wrong so little time.
Knowledge is the enemy of fear
My house is now worth more. Of course if I sell it I'll pay more for a replacement
Dumbest comment ever?
My silver is worth less. OF course if I sell it I pay less for replacement. Lol
I think you would complain if you won the lottery. Haha.
Knowledge is the enemy of fear
<< <i>My house is now worth more. Of course if I sell it I'll pay more for a replacement
Dumbest comment ever? >>
So if I sell my house that is worth more because real estate recovered some of its value, the house I replace it with did not go up in price? Dumbest logic ever.
The only person to gain from a rising house value is the one who sells, buys a smaller house (or rents), and pockets the difference. But then again he is sacrificing something for the cash difference. House prices are relative to each other and since they are a necessity any gain in value remains value "on paper."
The only true winners with rising house values are those who inherit one. My rising house value only increases my taxes and insurance without increasing my comfort level.
"Net worth" was a factor in the 2008 crisis. As people believed they were worth more (primarily from real estate bubble value) they felt safe in borrowing more. We now see where that got them. Perception's role in unprecedented consumer borrowing was very under diagnosed.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Typical civil worker attitude on wanting free stuff.
If I sell silver and replace it with gold it's all good because both went down. Lol. Great thinking.
Only loses are those who bought and held PMs. How you like that logic? Lol
Knowledge is the enemy of fear
This civil servant spend decades overhauling submarine reactors in order to protect your right to spout gibberish. At least try to make some sense with it.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Make a point using "real" facts and I'll consider your argument. All I ask for is fact. All you provide is rhetoric, supposition and silly cartoons.
Knowledge is the enemy of fear
Just recently rid myself of cable and cell phone, putting $130 a month into my pocket
Financial Peace University
You will be taught the correct way to live..
DEBT FREE and LOVING IT
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
I also remember my uncle telling me 35 yrs. ago that a car was the worst investment you could make. I figured that one out early in life thank goodness.
I also remember him telling 35 yrs ago to get into an IRA. .....Thank you Uncle Ron!!!!
I just graduated with a graduate degree from a state college. The degree lead to certification that will double if not triple my salary
The same degree can be obtained for around 28,000 from state school, and up to 100,000 from private institutions.
It was a no brainer for me to attend the state school and get the same certification.
Plus 5 years in US Army gave me the GI Bill, which cut the cost of a 3 year graduate degree down from 30,000 to less than $500 to earn a degree and national certification that will double/triple my income day one.