Please note that any opinions related to this or other articles on this blog do not constitute financial advice. Any action that you take should be done so only with the advice and support of a financial planner or registered advisor. The US is about to lose its AAA financial rating . The thought ‘no shit’ is the first to come to mind. These people […]
According to this story , AMEX is running to the US government, cap in hand, pleading that they don’t have any money any more. Or that they need $3.5 billion to keep them warm and toasty at night. OH COME ON!! Next, it’ll be Halliburton running to their buddies in Washington, claiming that the plans to withdraw from Iraq has cost them business so they […]
Cry-baby capitalism is making me sick to my stomach. Why is that when things are on the way up, we’re all told to buckle up and suck it up and keep up with all of the others that are racing ahead of us as we stumble in our careers or other activities, while on the way down, the world’s (once) largest companies are the first […]
In my search for alternatives, I came across this series of lectures provided by the Socialist Project, found here . There are three lectures: (1) Marxian Views of Financial Capital and Credit, (2) Capitalism, Neoliberalism and the Current Crises of Wall Street and Bay Street, and (3) Bank Bailouts or Socialist Alternatives? Unfortunately, they’re a little long and there were no talking points or other […]
This article shows the return to a warrior economy. During the Clinton years, the US government was almost able to pay off its bills because this administration had reduced defense spending. Not a lot, but enough. At the dawn of the Bush age, we saw an iunprecedented increase in ‘defense’ spending that has nearly bankrupt the US economy. With any luck, Obama will curb the […]