Your Degree Is Just Debt You Haven’t Defaulted on Yet Sunday nights are for pulling back more curtains. We’re keeping the same rhythm, every week, another slice of the financial system that looks helpful on the surface but has teeth underneath. Last time we covered home equity. Tonight we’re talking about the other big wealth illusion a lot of people chase: higher education. People treat a college degree like it’s a golden ticket. Parents brag about it, kids take on massive loans for it, and...

Equity Is Just Debt You Haven’t Activated Yet I’m moving these from Thursday to every Sunday night. Time to pull back the curtain on the parts of the financial system most people never think twice about. Tonight we’re talking about something everybody loves to brag about but barely understands: home equity. People treat equity like it’s some shiny trophy they won. But if you’ve been paying attention, it’s a lot less glamorous than that. Equity is just debt you haven’t borrowed yet. That’s it....

Real Estate Equity Manipulation Each Thursday at 8:00 pm, I will be writing about the fallacies, schemes and hidden dynamics of the financial markets to expose what’s rarely spoken about. Today, we will tackle Real Estate Equity manipulation. This didn’t start in the 2000s. The roots go back to the late 1980s, when loose lending standards and unregulated savings‑and‑loan institutions created the first wave of inflated appraisals. Properties were routinely valued above their true worth so...