Posts Tagged ‘Fed’
Death of the Middle Class
The Middle Class Faces Extinction—So Does the American Dream Income inequality is now as high as it's been since the Great Depression, and the middle class is nearly extinct. By Steward Lansley This article first appeared in the Los Angeles Review of Books. Inequality is now one of the biggest political and economic challenges facing the United States. Not that long ago, the gap between rich and poor barely registered on the political Richter scale. Now the growing income ... Full Story
Skyrocketing Gas Prices
Familiar Names Responsible For Skyrocketing Gas Prices By Arlen Grossman (about the author) As you max out your credit cards at the gas pumps, you should know that the major players to blame for the spike in gas prices are the same people who tanked the world economy four years ago-- our friends, the Wall Street speculators . That's right, many of the same banksters--Goldman Sachs, Morgan Stanley, J.P. Morgan, et al., who manipulated ... Full Story
The Great American Debt “Roll”
By Fred A. Kingery Courtesy of Center for Vision & Values Financial markets function to discount the future. Usually, by the time you read about something in the newspaper, financial market pricing has already "discounted" that event weeks, months, or perhaps even years before it hits the front page and becomes evident to everyone else. That’s what it means to “speculate. ” The whole world is beginning to seriously speculate that the Treasury is becoming a deadbeat borrower. Normally, ... Full Story
