"Chumps"

The university graduating Class of 2015 is the most indebted in history.

And Bill Bonner notes:

If you’ve studied the sciences or engineering (especially petroleum engineering, according to a study done by Georgetown University) maybe you’ll be able to earn enough to pay back your student debt. 

But most of you have wasted your money with degrees in subjects that won’t help you understand the real world we live in or earn an extra dime in it. 

Many of you have spent the best years of your lives… and borrowed a fortune… to learn things that aren’t true.

A second installment of Bonner's student debt tirade can be found here.

I can't imagine what it's like to be a new grad today. Racking up all that debt, only to find you're no better than a rat on the thread mill, and even then, can't keep up.