Morgan Stanley CEO James Gorman says of the possibility of another financial crisis like the one in 2008, "The probability of it happening again in our lifetime is as close to zero as I could imagine." James Gorman is only 55 years old.

College endowments are much flashier than they used to be. They frequently reach into the billions of dollars; they attract top investing talent; and, most notably, the majority of their money is in "alternative" investments like private equity and hedge funds. Is this hurting students' ability to be proper idealists?

Colleges have a problem. Their student-customers are having a harder time affording higher education. At the same time, government aid is being cut. So colleges raise prices. And then...wait a second.

Wall Street, home to a collection of timid monied kittens, is fearful of what Larry Summers may bring when he becomes the new Fed chairman. Restoring prosperity to the middle class is reportedly Summers' top priority. See? Nothing to worry about, Wall Street. That's pure fantasy.

The average rent here in Brooklyn is over $3,000 a month. In New York City, where humans cannot afford to live, the average apartment sells for more than $1.4 million. You fools. You could have a Braveheart castle for that price!

Financial markets fluctuate. Investors have good and bad years. Cities and states see their fortunes rise and fall. Banks soar, crash, and are bailed out by taxpayers. The only people who always come out ahead: the consultants.

The farther we get from the last economic collapse, the closer we get to the next economic collapse. But which bubble is next to pop? Student loans? Desert real estate? Today, we turn our untrained eye to the backbone of the U.S. stock market.

Thanks to some misguided moral philosophy and some excellent lobbying work, it is now almost impossible to discharge your student loans in bankruptcy. They haunt you forever, like the souls of those you've killed. As our national student loan debt balloons further into crisis territory, it become ever clearer that we need to change that rule.

Yesterday we wondered what the next bubble will be, and when it will pop, thereby destroying us all. We intend to keep an eye on all possible bubbles from now until the next crash, so that we may claim to have "predicted" it. Today's candidate: flimsy homes in desert wastelands.

Woefully underinformed speculators like us regularly prognosticate wildly about where the next economic disaster will come from, in a futile attempt to prepare ourselves for the inevitable anvil of financial doom that always, but always, falls upon the head of the underclass. How long until we all are smashed again?

Vice was once a humble magazine about doing heroin and having sex (on heroin). Now, Vice is a global multimedia company, partly owned by Fox, valued at $1.4 billion. Vice is so successful that it no longer needs to exist.

For the most part, corporate America is still a boy's club. The vast majority of top corporate executives are men. Oh, they let in some women, of course. They just don't pay them as much as everyone else.

Remember when New York City was perceived as some sort of gritty urban jungle? Haha. Remember when Brooklyn was perceived as an even grittier urban backwater? Hahaha. Remember when New York City was "cool?"

Up until the Reagan years, workers in the finance sector of the economy were paid, on average, pretty close to what workers in most other industries were paid. That's all changed over the past 30 years. Do employees of the financial sector deserve to be paid so much more than most other workers? No.

Tungsten is a mineral used in manufacturing everything from auto parts to pens to cell phones and computers. Some of the tungsten purchased by some of the world's most well-known companies is illegally mined and used to enrich FARC, a Colombian rebel army.

In 2010, the federal government stopped guaranteeing private student loans and started issuing student loans directly. This policy change was designed to, in some way, help alleviate the student loan crisis. How's that going?

Here is what a private equity firm does: it borrows money to buy a company; then it has the company borrow money to pay rich fees to the private equity firm, for providing the service of... sucking the company coffers dry like a voracious leech. This practice is currently bigger than ever.

This weekend, The New York Times Co. sold the Boston Globe to John W. Henry, the owner of the Boston Red Sox. Henry paid $70 million. (Or negative $40 million, by more realistic calculations.) Oddly, several other bidders made higher bids than Henry. Why did the NYT Co. leave that money on the table?

Here's a good explanation of how high frequency trading screws everyone except for high frequency traders.

The youth of America are plagued by shocking financial illiteracy. Most can't balance a checkbook, much less invest wisely. With our apologies to the Wall Street Journal, we present to you a realistic plan for teaching your kids about money matters.