The College Admissions Scandal is Part of the Cycle

Imagine that?! Parents cheating to get their kids into a good school. I couldn’t be less surprised at the recently exposed college admissions scandal. The education system is broken. Has been for decades now. Tuition is unaffordable to all but the upper class. Everyone else must drown in debt if they want to get a college degree.

One of the things that once made the U.S. such a great country was how our education system fueled upward mobility. Other countries tried to copy us and made great strides in their economies. Then, slowly but surely, our system perverted to what we have today.

The thing is, it’s cyclical. Everything is cyclical. That’s why I place so much emphasis on cycles in my research. They influence every aspect of our lives… and they’re predictable. Every positive cycle, will, at some point, turnrn negative. This is not just human nature. It’s the nature of nature.

Our education system was one of our strengths. Now it has become a liability. I discuss this in more details in today’s video. Listen now and then share your thoughts and comments.

Three discretionary consumer expenditures have bubbled to insane levels. Now they are negatively impacting our daily lives. Listen today to find out how and what this means to you… and what comes next. 

Harry

Follow me on Twitter @harrydentjr 

P.S. I’ll let you in on a little personal secret about how I got into Harvard Business School. Listen to find out. 

P.P.S. Consider reading William J. Bennett’s book from a few years ago, Is College Worth It? It’s a damn good question, and a particularly important one to consider in light of the great reset we face into early 2020.

Harry Dent

Bestselling author and founder of Dent Research, an affiliate of Charles Street Research. Dent developed a radical new approach to forecasting the economy; one that revolved around demographics and innovation cycles.