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News Links: Roubini On Internal Devaluation

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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.

2 Comments

  1. wagdog says:

    In “Not From The Onion” Alex Tabarrok wrote: ““American students are not studying the fields with the greatest economic potential.” … In considering the plight of the puppeteer lets also remember that millions of the unemployed would be grateful to have a job that they don’t like.”

    I seem to recall that barely a month ago, the vast majority of the social media population were canonizing some guy who’s philosophy was summed up in these much retweeted quotes of his: “Your time is limited, so don’t waste it living someone else’s life.”, “have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.” and “You are already naked. There is no reason not to follow your heart.”

    Somehow, I don’t think the above two philosophies can coexist. Perhaps the creditors of the student loans should bear some of the responsibility in ensuring that only students “with the greatest economic potential” are actually granted these massive loans, thus saving those with much lower economic potential from acquiring crippling debts.

    Related article:
    “Why Science Majors Change Their Minds (It’s Just So Darn Hard)” by CHRISTOPHER DREW (New York Times, 4th Nov 2011)
    http://www.nytimes.com/2011/11/06/education/edlife/why-science-majors-change-their-mind-its-just-so-darn-hard.html?_r=3&pagewanted=all