As long as the Wall Street triumphalists’ unreflected “why worry?” thinking remains the norm, the urgently needed pursuit of a U.S. economic reform agenda will go nowhere.
March 23, 2020: The Day the US Economy Did Not Crash
The day when Fed Chairman Jerome Powell rode in to rescue financial markets to prevent their complete freezing up could have entered our history books as another global mega-crash.
Trump’s Total Control of Vast Virus-Aid Fund
It used to be said that beggars can’t be choosers. That obviously no longer applies in the United States of today. Corporations set the terms of their bailouts.
A US Stock Market Boom is Not the Basis of Shared Prosperity
The U.S. addiction to stock price inflation is rooted in an illusion. It is promoted by Donald Trump, Wall Street, the Fed and mainstream economists.
Wall Street and Trump: Two Erratic Forces, Acting in Sync
U.S. stock prices have exhibited a pattern of behavior as erratic as that of the U.S. commander in chief.
A World of Financial Gloom and Doom?
Why financial markets in 2019 may offer positive surprises, despite — and actually because of — the current wave of pessimism.
Stock Markets and the Trump Factor
While Trump says it’s all the Fed’s fault, this is why U.S. stock markets are really collapsing.
How the US Fed Tries to Discipline Trump
The Fed’s current interest rate increases are to tamp down the possibly very dangerous effects of fiscal recklessness during a time of a booming U.S. economy.
The Dangers of US Style Financial Engineering
Financial engineering has paid much better dividends for corporations than actual engineering. For the health especially of the U.S. economy, this needs to be reversed.
Davos is Trump’s Kind of Town
As the wealth of two-thirds of the world’s billionaires is based on inheritance, monopoly and cronyism, Trump will be among friends in Davos.