My Comments: Some of you will not bother to read this. Like when you’re in the car looking for a radio station and you hear classical music or country & western; you can’t stand either so you just move on. But we all have a responsibility to our children and grandchildren. So, in my opinion, …
Continue reading Capitalism’s excesses belong in the dustbin of history. What’s next is up to us
My Comments: Some of my friends continue to decry the notion of socialism. They seem to equate it with communism, a very different animal. It’s too bad they haven’t yet figured out that it’s not a rejection of capitalism. For me, because the word has accumulated so many negatives, not unlike the Confederate flag, I’ve …
Continue reading GOP confronts an inconvenient truth: Americans want a healthcare safety net
My Comments: I consider income inequality the greatest existential threat to our democracy. It manifests itself as a shrinking middle class in these United States. It has the potential to erode what we think of as rational and peaceful co-existence among nations globally. It’s what continues to drive the tensions and conflict in the Middle …
Continue reading The Business Case for Fighting Growing Inequality
My Comments: Followers of my posts have heard me say that income inequality is the greatest existential threat to our society. It ranks up there with global warming. The path we appear to be on right now, both here in the States and across the planet, will not change until this issue is addressed. It …
Continue reading The Forces Behind Income Inequality in America
My Comments: There are changes afoot, and 45 and his cronies seem to have few clues. Or, more likely, they don't give a damn. The disparity between those at the top of the economic food chain and the rest of us not at the top, is called ‘income inequality’. The different approach taken by the …
My Comments: My post on May 26th last about Demographics and Money suggested reasons why economic growth in long established nations will be nothing to brag about going forward. Despite the current Administration suggesting a return to not just 3% annual growth for the US economy, but wait for it, 4% annual growth, it’s just …
My Comments: Do you ever notices those little signs on the gas pumps? The small notices that tell us 10% is actually not gasoline? Do you ever wonder why they are there? Me neither. Clean air, global warming, political deal making, the Paris Climate Agreement - who knew this stuff was so complicated? William O'Keefe …
My Comments: The North American Free Trade Agreement was passed by Congress on 11/30/1994. It was approved by 34 Republicans and 27 Democrats. It’s purpose was to increase trade across North America without creating a single currency among the three countries involved. 22 years later, industries specific to each country have evolved to reflect strengths …
My Comments: What’s your poison? Politics? Money? Entertainment? Sports? Religion? Well, this post is about economics and finance. Some of you will run and hide. That’s OK. It comes from Guggenheim Investments and is a quick and dirty look at the next few months... With spreads tight in high-yield corporate bonds, loans, structured credit, and …
‘We get signals that the system is under enormous stress’ - Mohamed El-Erian A leading global economist and investor believes world leaders, and global capitalism, have reached a fork in the road between equality and chaos. Mohamed El-Erian is a name known to me for many years. When he speaks, I listen. I recommend you …
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