The Supreme Court’s decision on Biden’s idiotic loan forgiveness plan will def help tame inflation. The student debt numbers are huge and those people have gotten a free ride for 3 years while employment remained strong and incomes have gone up. I’m a firm believer that much of the excess savings folks talk about was fueled, in part, by not making that monthly loan payment. All of the money that should have been directed to loan payments was instead used to buy goods and services. Those are massive numbers.
I think the biggest problem for them is they don't have enough variety of content. I don't find myself watching Disney+ as much as other streaming services. It's not even close. Netflix, Max and Prime get my attention more (don't have Paramount or Peacock).
I actually think the most viewed show on Disney Plus is Bluey, which is not even a Disney show! Just licensed from an Australian company. I'm a long time Star Wars fan and use the channel to watch old content. The new Disney SW content pretty much sucks, except for Andor (which was outsourced to a legit Hollywood team).
I have a feeling there will be another forgiveness program designed with the limits of the presidents authority.
Assistance with rates is probably fine, but it's time to start making payments.
I wouldn’t be surprised, but a president attempting to circumvent a Supreme Court ruling seems to undermine the very foundation of our government. Am I missing something here = Biden is basically saying F-U to the SC in trying to find another way.
Not sure I agree. The court found this proposal to not be allowed they never said all proposals would be.
The effect of repayment will be far more immaterial than people think. These people were making monthly payments before the pandemic and the economy was humming along nicely back then. This whole “the SC screwed these people forever narrative” is absurd, I guess 2020 was Year Zero for personal finance.
How about going through Congress and following the constitutional process? Asking too much? LOL.
Student loan debt is at $1.8 Trillion…how could it possibly be immaterial.
Impact ranges from lots of loan defaults to payments made and thus lessening discretionary spending elsewhere. Will be interesting to see how this plays out economically and politically. All that said, recasting any "relief" to eliminate or greatly reduce student-loan interest rates seems a sound compromise, one that lessens the potential downside.
Presidents and this process are not limited to going through Congress. They do have certain presidential powers that they all use.
Netflix caught me sharing my account with my nephew. Had to pay an extra $8 mth to add another household.
I read that most of the loans won’t ever be paid. The solution starts with limiting the amount an individual can take out for student loans. NO MBA or PhD unless they have reasonable outstanding balance from their under graduate studies. Colleges need to also reduce tuition cost and take responsibility for the student ability to pay off the loans. Colleges should be required to take on 60% of the default student loans, which would result in 70% drop in defaults. Some of these students act like $20,000 is a lot but they are willing to pay $50,000 for a car. No student loan forgiveness until they solve the college tuition/ loan problem entirely.
I'm sure we will need to do this with my dad soon. We have him logged on to all of our streaming services, including Netflix. Fair trade to add a household at a reduced rate.
Yes, very reasonable but at some point they will have both household pay full price. The quality of shows on Netflix has gone down and I really reduced my TV watching. I got to get rid of my $200 cable bill.
One idea that I like.....limiting the loan amount based on major/income prospects. That makes sense.
Honestly, the TV channel or service I watch the most is actually YouTube. LOL! My entire family rarely watches any normal TV besides a live sporting event. Just don't have the balls to fully pull the plug yet.
Working on this now. Definitely well over 20% with my fun account leading the way at about 85% (and this account has our highest relative cash position). LOL!
Therein lies the real problem. Just like that politician that got lambasted for complaining about her law school debt after the SC decision was announced and then we learned she bought a $1M+ home. WTF is wrong with people?!?!
..i think the loans should be on the university to determine the rate and the risk of how much to lend..
For me, no. I’m not one to hop on momentum. If the train has left the station without me, so be it. I’m not one for FOMO.What a year for tech so far. I was reading about a month ago when Apple hit $175 people saying it's not a buy anymore yet it keeps going. Saw some forecasts for $240. Anyone still buying it along with the other big tech names?
Some stocks don't really pullback, they just consolidate and keep moving. Besides, most big techs aren't even back to ATHs. This may be the correction of an overly negative decline.
I only mentioned Danaher because Culp is from there. GE actually sold their health sciences group to Danaher for like 20 billion which helped pay down their massive debt at the time.
I have a small quantity of all the big Seven except NVDA and been trading them. I’m betting on AAPL since Buffett owns so much, META is considered the best value, and AMZN. Lower expectation for MSFT and GOOG right now. After any significant drop I will add more shares. Sold all my TSLA. They don’t seem to retreat much. Might be the early innings of AI.What a year for tech so far. I was reading about a month ago when Apple hit $175 people saying it's not a buy anymore yet it keeps going. Saw some forecasts for $240. Anyone still buying it along with the other big tech names?
Lots of smart folks saying this is 1995 for AI, not 1999. GOOGL had a few bumps in the road, but their internal chips are pretty good for AI (perhaps second best behind NVDA).
Someone mentioned it when it hit $40 a couple months ago. I didn’t like it as it showed no sign of it bottoming. Welp that was literally the bottom. Up over 50% since.
I think that someone was also him ^^^^^. Sadly, I didn't buy it either.
