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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (30428)	4/12/2005 2:23:31 PM
From: benwood	Read Replies (3) \| Respond to of 110194

I do believe that many are either clueless or inherited money (some I know did). Others probably will think about what they need to do in retirement starting in about 5 years, and will realize they'll be working until they are 75. What irks me is that the debt bubble has encouraged colleges to keep raising tuition because there is almost no limit in what parents will pay (for now...). It's the stadium theory but applied to the limited seats in places like Harvard which in turn make places like the local school look cheap in retrospect and so they in turn have more leeway in raising rates, too.