Dodgers Are Taking Care Of Business

Today’s Dodgers stand 3 1/2 games back of the Rockies — who they took a series from in Los Angeles — are 22-27, and have picked up five full games on the Diamondbacks. In a week. And the chances are they’ll go far if they get in with the right bunch of fellows.

In The Wake Of Mass-Shootings, Parents Reconsider Mass-Schooling

Authored by Kerry McDonald via The Foundation for Economic Education,

In the wake of recent tragic school shootings, anxious parents are contemplating homeschooling to protect their children. After February’s school shooting in Parkland, Florida, the Miami Heraldreported that more parents were considering the homeschooling option. And after Friday’s disturbing school shooting in Santa Fe, Texas, a local ABC news affiliate in Alabama reported the increasing appeal of homeschooling.

“If I had the time, I would teach my kids myself, and I would know that they’re safe,” a father of four told ABC station, WAAY31.

A public school teacher interviewed by the channel disagreed with the idea of homeschooling. According to the news story, the teacher “says resorting to homeschooling is teaching your children to run from reality.”

But that raises the question: Is compulsory mass schooling “reality”?

Public Schools Are Consuming More and More of Kids’ Time

Segregating children by age into increasingly restrictive, test-driven classrooms where they are forced by law to be unless a parent or caregiver liberates them is hardly “reality.” What’s worse is that young people are spending increasingly more time in this coercive “reality” than ever before.

For young children ages six to eight, schooling increased from an average of five hours a day in 1981-82 to an average of seven hours a day in 2002-03. And for today’s teens, schooling consumes much more of their time than it did for previous generations, seeping into summertime and other historically school-free periods. According to data from the U.S. Bureau of Labor Statistics, 42 percent of teens were enrolled in school during July 2016, compared to only 10 percent enrolled in July 1985.

In the case of teens, spending more time in school and school-like activities may be further separating them from the actual real world in which they previously came of age. As Business Insider reports: “Almost 60% of teens in 1979 had a job, compared to 34% in 2015.” Spending more time in the contrived reality of forced schooling and less time in authentic, multi-age, productive communities may be taking its toll on today’s youth.

Compulsory Mass Schooling Is Hurting Our Kids

New findings from researchers at Vanderbilt University show a disturbing correlation between time in school and suicidal thoughts and attempts by young people, which have been increasing over the past decade. Whereas most adults see suicide spikes in July and August, most kids see suicide dips in summer. Children’s suicidal tendencies appear strongest during the school year.

Boston College psychology professor Dr. Peter Gray believes that increasingly oppressive schooling is leading to serious psychological damage in some children. He writes on his blog at Psychology Today:

Children now often spend more time at school and at homework than their parents spend at their full-time jobs, and the work of schooling is often more burdensome and stress-inducing than that of a typical adult job. A century ago we came to the conclusion that full-time child labor was child abuse, so we outlawed it; but now school is the equivalent of full-time child labor. The increased time, tedium, and stress of schooling is bringing many kids to the breaking point or beyond, and more and more people are becoming aware of that. It can no longer be believed that schooling is a benign experience for children. The evidence that it induces pathology is overwhelming.”

Recent school shootings may be extreme examples of this rising school-induced pathology.

Instead of overreacting, parents who decide to remove their children from school to homeschool them may be acknowledging the disconnect between the inherent coercion of compulsory mass schooling and the freedom to live in the genuine world around us. Rather than sheltering their children, parents who select the homeschooling option may be endeavoring to widen their child’s community, broaden their experiences, and restore their emotional well-being.

Former New York State Teacher of the Year, John Taylor Gatto, writes in his book Dumbing Us Down: The Hidden Curriculum of Compulsory Schooling about his growing disillusionment with mass schooling:

I began to realize that the bells and the confinement, the crazy sequences, the age-segregation, the lack of privacy, the constant surveillance, and all the rest of the national curriculum of schooling were designed exactly as if someone had set out to prevent children from learning how to think and act, to coax them into addiction and dependent behavior.”

Parents who remove their children from the confines of the conventional classroom are not running away from reality. They are running towards it.

Signs From The Peak: Carlyle Group’s Rubenstein Admits “Never Been Easier” To Raise Money

In the latest indication of just how much money is sloshing around the global financial system after nine years of unceasing central bank asset purchases, Carlyle Group co-founder David Rubenstein admits that it’s “never been easier” to raise money.

In an interview with Bloomberg News, Rubenstein said he’s seeing more money flowing into private equity right now than at any point during his three-decade career, even as the facile “global synchronous recovery” narrative is unraveling.

Rubenstein

He added that raising money is “one of the biggest trends” in asset management, he said. Of course, when investors are handing out money to anybody with a CFA, that’s a clear warning to be careful.

The private equity industry brought in $453 billion globally in 2017, according to Preqin data cited by Bloomberg. And that sum is expected to climb as higher yields push investors to look for better returns.

Carlyle alone is purportedly on track to meet a four-year fundraising goal of $100 billion by the end of 2019, Rubenstein said. He expects to raise $25 billion this year, following $43.3 billion raised in 2017.

“When you take a look at what the biggest trends are right now, number one: There is a lot of money that’s being raised,” Rubenstein said at a conference hosted by the Investment Company Institute in Washington Tuesday.

“It’s easier to raise money than anytime I’ve been in the business over the past 30 years or so.”

Of course, nobody can say with certainty where exactly we are in the business cycle (for all we know, we could be in the middle of the longest expansion on record, or the recession could be just around the corner). But not everybody shares Rubenstein’s optimism. Bank of America’s Michael Hartnett said in his latest report that we are now “so long in the vermouth” that the late-cycle is getting “tipsy”.

And when growth falters, there isn’t much the Fed will be able to do. As the chart shows, we’ve reached peak policy stimulus as the unemployment rate has fallen to its lowest level in a decade.

Policy

And the liquidity supernova that has kept asset prices inflated is due to disappear as central banks start reducing their asset purchases.

Supernova

But Rubenstein’s firm likely stands to benefit in either case. If a recession does arrive in 2019, something that many investors, including Jeffrey Gundlach, fear could happen, interest rates would likely be wrestled lower again, bolstering the appeal of private equity and other investment strategies that can offer better returns.