The feds pay for GIs to go to school. They give grants to the schools themselves. And they hand out hundreds of billions in loans, at low teaser rates to students; sometimes to students who are unqualified and unlikely to get much out of it.
Continued worries about Spain and Greece, increasing signs that the weak US recovery is getting weaker and indications that the euro area slumps are deepening push down bond yields in perceived "safe haven" countries.
With no sign of a real recovery in sight, Bonner wonders who will come out the winner when the dust finally settles. Will it be the gold bugs, holding on to cash, the savvier stock traders, or perhaps, could it possibly be bonds buyers?
Some experts warn that Greece can't reduce its current deficit unless Germany and other better-off nations reduce their surpluses. Here's why they're wrong.