Comparing 35 Year Rates of Inflation
Posted by Larry Doyle on March 7, 2013 5:27 AM |
A picture tells a thousand words, right?
Thank you to Jeff Gundlach and his band of truth tellers at Doubleline Funds for recently highlighting a Bureau of Labor Statistics/Consumer Price Index graph which shows the racket defined as higher education displays that the “thousand” applies not to words but to the rate of inflation within that segment over the past 35 years. The actual number is a mere 1,155%.
Every day we read of how students are increasingly delinquent and defaulting on their student loans. Those realities are no surprise as the Ponzi-style financing promoted to fund higher education feels the effect of students wondering “Where’s the value here?” and “Where’s my bailout?”
There are plenty of the same characteristics within medical care, which has only experienced a 600% rate of inflation during that same time frame.
Thank you Mr. Gundlach and Doubleline.
I have no business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.