Business

Via Investment Research Dynamics,

A friend sent me a news item from U.S. News and World Report which reported that Louisiana’s board of education is going to implement a new policy which requires all students to fill out a Free Application for Federal Student Aid in order to receive a high school diploma.

Think about that for a moment.  In order to receive a high diploma, the State of Louisiana is requiring that high school seniors fill out an application which would enable them to go into debt the moment they receive their diploma.

When looking at the price of oil in 2015, Canada's Bank of Montreal admits it was wrong. Very, very wrong.

Excerpted from Doug Noland's Credit Bubble Bulletin,

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.

 

– Warren Buffett

 

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One of the biggest quandaries of this cycle for the US economy has been the amount and growth of commercial bank loans. Virtually non-existent for the first three years of the centrally-planned new normal, something changed in 2012 at which point US bank loans, led by Commercial and Industrial or C&I lending growing at a double-digit pop, started to rise at an impressive pace, asking many to wonder: maybe the biggest driver for a sustainable economic recovery is in fact present, because where there is loan demand, there is velocity of money.