‘We Regret to Inform You…’
The Prism Daily
Your ‘One-A-Day’ financial news-tritional supplement, including trace elements of economic analysis that every healthy investor needs. Addresses a wide variety of monetary afflictions, from vacillation to impecunity. Specially formulated to go down easy! WARNING: Side effects may include elevated cognition and bouts of epiphany. If symptoms persist, unplug cable TV.
‘We Regret to Inform You…’
Just imagine if doctors cared for your retirement instead of financial planners. During an upcoming visit you’re told, “Hmmmm… looking at your chart I see that you suffered a major attack of Portfolioitis in 2007, then appeared to go into remission in March of 2009. However, with the economy still weakening, I’m afraid the cancer in your mutual funds seems to have returned because there’s a big black spot on the X-Ray where your retirement should be. We’ll need to remove that soon before it metastasizes to your 401k’s. Would you like to schedule that now, or wait until after the next big crash?”
Dear Reader, If you know someone whose financial future is on life support, tell them not to give up the ghost just yet. Our skilled team of profitary practitioners can implant some new life into pallid portfolios. Check out our ‘Prism Presidential Package‘. It may be just what the doctor ordered.
Today’s Market MRI: The Looming Student Loan Bubble – Almost 50% of Borrowers Not Making Payments
America First Site Reports: “The aggressive growth in student debt is setting the country up for another debt fueled bubble. Higher education costs have expanded so quickly that Americans now carry $1 trillion of student debt… Over the last ten years student debt outstanding has grown from less than $300 billion in 2002 to $1 trillion in 2012. The cracks in the student loan bubble are already forming with large numbers of students defaulting on their loans. Almost half of all student borrowers are not making payments.”
Prism Responds: The U.S. government bailed out General Motors to the tune of $81 billion dollars. According to the latest information we could find, in 2009 there were 12,723,000 full-time students enrolled in U.S. colleges and other institutions of higher learning.
Performing a simple division, we determine that the government could have let General Motors quietly go the way of all past, failed capitalist ventures and instead mail each student a juicy check for $6,366.
Mustering up as much common sense as the contemplation of politicians will permit, we must ask ourselves which would have been the better investment: in future scientists, teachers and entrepreneurs? Or in General Motors? Before you rush to pelt our offices with rotten tomatoes, please watch this video. But not right before bedtime.
Naturally, this being our newsletter, it behooves us to put in a closing plug for ourselves and invite you to take a spin with our automated investing software. It’s got a shiny chrome grille, big tail fins and enough cup holders for everyone. And, boy, can it leave rubber.
And May All Your Investments Be Profitable,
From the Desks of David Taylor and Gordon Philips,
Directors of Prism Solutions
‘Better Investing Through Science’
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