Markets dive despite bailouts
Mon, 06 Oct 2008 11:58:04 -0500
The breaking news around the world is the failure on the markets in the face of the Bush’s $700bn financial bailout. Japan’s stocks dropped, driving the Topix index below 1,000 points for the first time since December 2003.
This is also on the heels of German officials giving guarantees to private deposits just hours before a 50 billion euro ($68 billion) bailout of troubled commercial property lender Hypo Real Estate aimed at avoiding broader damage to Europe’s largest economy.
The stock market in the U.S. will find itself in the same position over the next week. The famous Bush bailout will be known as the catalyst for the demise of Capitalism.
good question, defiantly a deep dive in untested known to be dangerous waters by absolutely incompetent cronies and plutocrats plagued by conflicts of interest.
The shocking thing about the Economists poll is how few of the asked economists responded. When has an economist EVER turned down a chance to let someone else know what they think? A real sign of the end times: mute economists.
Naomi Klein: Wall St. Crisis Should Be for Neoliberalism What Fall of Berlin Wall Was for Authoritarianism Communism
always great: Klein
Talk about a liberal hottie....
But seriously, her recent book The Shock Doctrine The Rise of Disaster Capitalism sort of covers this extensively....
Recomended reading!
she continues to talk about it because it is ever so relevant
i think is is Radical not Liberal, much like Chomsky and Zinn.
Markets dive despite bailouts
Mon, 06 Oct 2008 11:58:04 -0500
The breaking news around the world is the failure on the markets in the face of the Bush’s $700bn financial bailout. Japan’s stocks dropped, driving the Topix index below 1,000 points for the first time since December 2003.
This is also on the heels of German officials giving guarantees to private deposits just hours before a 50 billion euro ($68 billion) bailout of troubled commercial property lender Hypo Real Estate aimed at avoiding broader damage to Europe’s largest economy.
The stock market in the U.S. will find itself in the same position over the next week. The famous Bush bailout will be known as the catalyst for the demise of Capitalism.
catalyst or placebo?
good question, defiantly a deep dive in untested known to be dangerous waters by absolutely incompetent cronies and plutocrats plagued by conflicts of interest.
Econmist mag publishes a poll of economists' views on which candidate they think will do a better job with the economy:
Thanks, Ramos.
econobama
Obama ranks much higher on foreign policy and domestic security too
mccain has done much bad thinking he was doing good, funny how that happens with ideologues
The shocking thing about the Economists poll is how few of the asked economists responded. When has an economist EVER turned down a chance to let someone else know what they think? A real sign of the end times: mute economists.
i thought mute xxx is for dictatorship government where ppl do not go public about their stance.
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