Originally published at Evonomics and reposted at Naked Capitalism, Angry Bear Steve Roth continues his conversation on riches, income, debt, and expectations. Steve Roth serves as Publisher of Evonomics. By Steve Roth How do Americans get rich? (and stay rich?) It’s the American dream. A third of Americans think they’ll be rich someday. More than […]
Neel Kashkari has been President of the Federal Reserve Bank of Minneapolis since January 1, 2016. Prior to that, he was brought over from Goldman Sachs to be Assistant Secretary of the Treasury for Stability from October 2008 to May 2009. His job was to hand out money to the banks as bailout. I believe […]
I don’t have the patience to sit on the couch and just stare at the tube like a lot of people seem to enjoy doing. I do however watch movies while exercising or doing chores. The result is that I start and stop whatever I am watching frequently, and there are times it might take […]
by Dale Coberly GOP PLANS TO GUT SOCIAL SECURITY The Republicans have opened a new assault on Social Security. At present all I know about it is what I read in a Talking Points Memo by Tierney Sneed Key House GOPer Introduces Bill With Major Cuts To Social Security . The trouble with Sneed’s article […]
– Chrysler Fiat sold the car division sans Jeep, MiniVan and Trucks to the Chinese. They also closed production on Chrysler 200 and Dodge Dart June of this year. It will be the first time Chrysler/Dodge have not had Cars if this is true. 200 (UF) and Dodge Dart (PF) never did met forecast so it […]
Teabagger and maybe Trump nominee for something (hopefully other than the Sec. of the VA), Sarah Palin slams Trump and Pence in a Randian manner on bailing out Carrier and Carrier workers calling it as an intrusion on free enterprise. Afterwards she gushes; “I am ecstatic for Carrier employees! Their bosses just decided to keep […]
Georges Sorel thought he had made a ‘happy choice’ with his use of the term ‘myth.’ But he soon was disabused of that illusion by critics who dismissed the anachronism of myths and others who accused him of falsifying “the real opinions of revolutionaries.” In his essay, “Myths of the Twentieth Century” published three decades […]
by Joseph Joyce The Electoral Consequences of Globalization The reasons for the election of Donald Trump as President of the U.S. will be analyzed and argued about for many years to come. Undoubtedly there are U.S.-specific factors that are relevant, such as racial divisions in voting patterns. But the election took place after the British […]
Alan Greenspan, the former chairman of the Federal Reserve, weighed in last week on one of the pressing issues facing the incoming Trump administration and the country — slow economic growth. Greenspan’s explanation is novel and bound to be controversial. To preview: He blames the welfare state and overall uncertainty for the slowdown. … By […]
I left this in draft since Nov 3 and am publishing this now…. by Joseph Joyce The Retreat of Financial Globalization? Eight years after the global crisis of 2008-09, its reverberations are still being felt. These include a slowdown in world trade and a reassessment of the advantages of globalization. Several recent papers deal […]