Drudge Retort: The Other Side of the News

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Monday, August 08, 2016

College graduates overwhelmingly believe a college education is worth the money, a new Bankrate Money Pulse survey finds. Eighty-nine percent of respondents with a four-year degree say college was a good investment, the survey shows. That's even as the costs make a deeper and deeper bite. Julia Schemmer, a 19-year-old sophomore at University of California-Riverside, said she received financial aid as a freshman, but it wasn't enough. Generally, the older the graduate, the more likely that he or she will say college was a good investment. About a fifth of the younger millennial grads (21%) say college was not worth it, more than any other age group. But a whopping 97% of degree holders 65 or older say it was a good investment, the survey shows.

Monday, July 11, 2016

America has an obesity problem. Most anyone who trusts modern science will not dispute that point. But as with any societal issue, the question is not so much about what the problem is, but rather what to do about it. Like most other "crises", the easy solution most loudly called for is some sort of intervention from the government, and obesity is no different.

But while government is failing to get kids moving, the private market is quietly getting them off their feet again. Just this week, the new app called Pokemon Go launched for mobile devices, bringing the digital world that millennials grew up with to life. The game allows players to travel their neighborhoods and towns on foot to catch wild Pokemon and train them as their own. The game mixes the elements of the game with real life places, that one must travel to on-foot to play.


And money is rarely idle.


That chart shows the velocity of money and we are current at the lowest since it was tracked. Money is most certainly idle. What is worse is the trend remains down and shows no signs of an upswing.

Since the poor spend every penny they get the problem is not there. QED the rich are hording money. The economy will not gain momentum until the velocity of money reverses and IMHO that will not happen until we get more money in the hands of the poor not the rich. QE has flooded the bankers with money but it is not making it's way to the poor. UBI is the solution, give that QE money to the bottom not the top and watch the velocity of money reverse it's downward trend.

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