Something I’ve been ranting about for YEARS . . . Here’s the “money quote” from the article:  “You see, we are both law school graduates who debt-financed our educations and now live in New York. Property ownership is not something that will happen for us… unless we just want to give up and move to an oil-soaked subdivision in Arkansas. But I am not alone. A law professor has crunched some quick numbers and determined that at least half of the class of 2011 wouldn’t be able to own a home….” (emphasis added)

[“If You Want to Own a Home, Don’t Borrow Money to Go to Law School,” Abovethelaw.com,” 4/4/2013]

Per my earlier post – let’s take a look back and realize the gravity here . . . We actually are looking at a case where “real economists” first cherry-picked their own data and then got it wrong on their own spreadsheet! Just goes to show – whenever you hear the word “expert,” be afraid . . . VERY afraid:

Too Much Debt Means Economy Can’t Grow – Commentary by Reinhart & Rogoff, Bloomberg News, 7/14/2011

Researchers Finally Replicated Reinhart & Rogoff and There are Serious Problems, Rortybomb, 4/16/2013

5 Types of Directors Who Don’t Deliver, Jack & Suzy Welch, LinkedIn.com Blog, 4/18/2013

[Note: No direct link to the article is available but it can be located by doing a search for “business models” on the Quartz website.]

Until the Nineties, Business Models Weren’t a Thing, Quartz (qz.com), 4/17/2013