Market Talk – May 30, 2023
ASIA: Consumer prices in China increased at their slowest pace in two years, indicating deflationary pressure and weakness in domestic demand. The consumer price index rose by only 0.1% in [...]
Trump Tackles Student Loans
Trump has proposed capping student debt at 12.5% of their income and a debt forgiveness at 15 years. Yes this will cost something, but it is the only way to unwind the unfair practices of the Clintons, who made student loans non-dischargable in bankruptcy. But then the shifty bankers had often parents cosign the student loans so in effect they became collateralized and non-dischargable.
Trump’s plan is a major step in solving this problem. But to bring down the cost of education we must eliminate the free money and make schools competitive for the first time.
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QUESTION: Mr. Armstrong; I’m not sure if you remember me. I was with the Islamic bank that our board ordered we were to open a branch in Turkey and we [...]
