Stock market bulls consistently cite one force for their positive outlook. Federal Reserve policy. They say… “Forget the fact the global economy is slumping from Europe to Asia” … “Forget the fact the U.S. economy is slumping fast” … “Forget the fact earnings stink!” and … “Forget the fact the euro currency keeps falling to [...]
Seven Fallacies of Mainstream Economics
July 5, 2012 By Leave a Comment
The Global Financial Crisis (GFC), the extreme inequality of wealth world-wide, the materialism of modern life – seeming over consumption for consumptions sake and the environmental abuse we shower on our planet are not accidents, nor are they unavoidable consequences of the natural order of things. They are the result of the modern practice of [...]
Obama Presidency Failing on the Economy
September 8, 2011 By Leave a Comment
Not since the voice of God rattled Mount Sinai have words stirred as much buzz as Warren Buffett’s admonition for Washington to “stop coddling the rich.” The plea by the self-loathing billionaire is now a rallying cry of President Barack Obama’s supporters. But declarations by another mega-rich Obama backer are getting much less play. Publisher [...]
The Economy is on the Threshold of Calamity
June 21, 2011 By Leave a Comment
Everything is not all right. And things are going to get worse … much worse. The economy is on the threshold of calamity. Wars are spreading like wildfires. The world is on a razor’s edge. Not so, say world leaders and mainstream media experts. Yes, there are problems, but the financiers and politicians are aware [...]
