After the United States downgrade in credit ratings, Wall Street plummeted today. Now the shock wave is moving quickly to Asia, at some point the market was down by 10 percent in South Korea. It will surely reach Europe when the markets will open. Investors on worldwide financial markets are panicking, as they always do, [...]
John Boehner, after fumbling with the starting pistol, and apparently shooting himself in the foot, seems to have managed to fire a shot heard around the world; even if it was more like a fart in the wind than the blast of a canon. Another day of delay on a bill that was nothing more [...]
The discussion of America’s debt ceiling is the talk of the town in Washington and key international financial markets. If you still have the dubious privilege to have a credit card or a line of credit, it is likely that your respective financial institutions have considerably reduced your own “debt ceiling” since the 2008 crash. [...]
We’re all familiar with the perplexing state of the jobless recovery. More and more Americans are unemployed, underemployed, medically uninsured, and facing foreclosure, while those in the banking and investment sector, whose criminal speculation and fiscal irresponsibility caused the mess we’re in, are making more money than ever before. But, many of us don’t realize [...]
What Recovery? Since 2008, Disaster Capitalism Is Still Running Amok On The Global Market It is common knowledge that the crash of 2008 was dreadful. But it seems that the very rough financial ride is not over as signs of an economic recovery in the United States are on a steep decline. The unemployment figure [...]
