Wednesday, December 01, 2010 4:45:24 PM
The free hand out of student loans, will be gone along with student grant money and even the social security money doled out. In an imploding economy with massive unemployment and hyperinflation there will be no money for education except for the limited few who's families planned ahead and saw this coming. College campuses will revert back to the way they were a 100 years ago where only the privileged will be there. Gone will be the days where you can get in to college and have loan or grant money as long as you can past the test of being able to fog up a mirror. As the students disappear so will the text books and their authors until the McGraw-Hill offices look the ghost towns of the old west with tumble weed blowing down the streets except in their case it will be unfinished text and new editions that will never happen. The colleges and university departments will reuse over and over again the proven text they have until the pages fall out of them. Even after the hyperinflation currency market and stock market collapses are over there will be years of the Greatest Depression in the history of the world that will have to be endured. Parents will be lucky to feed their children let alone send them to college.
The bloated obese days are ending where everyone believed they are entitled to go to college regardless of their ability. IT IS OVER PEOPLE. In the Great Depression of the 1930's college enrollment actually increased but that was when the USA was the largest creditor nation as apposed to now where it is the largest debtor nation. It was before there were college loans and grants handed out to a mass of morons who should never have even been considered for a college education that has bloated college campuses to resemble the fat American public. The colleges and universities are about to go on a starvation diet that will last for decades. So will the bloated fat publishing companies and their greedy authors expectations of million of dollar incomes.
The current run up in McGraw-Hill stock price like the rest of the NYSE and Nasdaq stocks is due directly to the QE-1 and the expectations of the QE-2 pumping of trillions of freshly printed dollars into the market. That time will end soon and so will the US dollar and so will McGraw-Hill as stated in the http://fallofthehouseofmcgrawhill.com/ website. The company will survive but it will shrink to a fraction of it's current size and so will it's stock price. Read http://fallofthehouseofmcgrawhill.com/ and sell your stock in it now and buy it back when I do somewhere south of a dollar per share.
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