The Market Ticker
Commentary on The Capital Markets- Category [Education]

.... to show up and provide hummers, does that make my expectations realistic?

College costs continue to rise, but one segment might not be very worried: 24 percent of millennials said they expect their loans will ultimately be forgiven, according to study released Wednesday by Junior Achievement and PwC US.

You do realize that taking on debt without the expectation of paying it back has a common name, right?

That word is fraud.

It's a crime, in fact, to take on debt without intent to pay at the time you take the debt on.

So now we have a full quarter of "millennials" that have no intent to pay as they expect that the taxpayer will eat their debt.  That is, they intend to steal from you, I, and everyone else.

The bad news is that these same millennials don't understand math, because the only way this can happen (given our budget situation) is through yet more debt emission by the government -- and that has the effect of devaluing everyone's money, including theirs!

So these millennials are not only intending to steal they're delusional on top of it, as they'll be stealing from themselves.

Good luck millennials -- you're going to need it.

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