markets
The End of the "Golden Age" of Capitalism and the Rise of Neoliberalism (tags)
"The central point is that the financial sphere has the potential of developing into an autonomous subsystem of the whole economy with an enormous capacity of self-expansion..Like cancer, it has no internal control mechanism. It can only be brought under control by external interventions"
Excess Debt and Deflation = Depression (tags)
the worsening economy
The wages of sin have come due.
Game of Deceived Deceivers (tags)
The worldwide game with fictional assets has a few winners and many losers. Who has deceived whom in the game of deceived deceivers is hardly clear. The world econmy is too important to be left to gamblers. We need far more than a few new surveillance cameras and watchmen in the casino
Free Fall on the Stock Exchanges (tags)
Since the beginning of January 2008, $800 billion in stock assets have gone up in smoke. Nearly every big bank had to admit billions of losses. The credit crisis continues. What began as a subprime crisis has infected all financial markets and the "real economy".
Greenspan's Dark Legacy Unmasked (tags)
Alan Greenspan's true record of public disservice.
Questions to the Maestro Alan Greenspan (tags)
Listen to Thom Hartmann interview Alan Greenspan on Air America Monday Sept 24. Greenspan was responsible tor the credit problems that now shake the world finance markets. Did the maestro drastically lower interest rates to help the Bush administration?
as traders jump