A New York Times article discusses the disappearance of retail investors and the steady decline in trading volumes since the Great Crash. They blame the usual uncertainty. But investors know the game is rigged by those sucking most of the rewards out of investing. The small investors don’t stand a chance, and they know it.
|By: Scarecrow Tuesday August 9, 2011 9:30 am|
It’s one thing for S&P to pursue its corrupt ideological agenda against the US Government. But now S&P has taken that confusion and stuffed it down another rabbit hole. It has downgraded the credit ratings of several insurance companies that had the good sense to have their reserves heavily invested in safe US Treasury bonds — that is, for doing exactly what a financially prudent board would have expected.
|By: Bill Egnor Wednesday June 22, 2011 11:30 am|
What the Hell is Sen. Kent Conrad smoking? And why it is that he won’t share (c’mon, Senator, don’t bogart that doobie!)? In today’s Washington Post Sen. Conrad enables the hostage taking of the Republican Party by saying that he does not think that the two trillion in budget cuts that the Administration is talking about is enough.
|By: Jon Walker Wednesday May 18, 2011 9:40 am|
I’m beginning to suspect the Republican’s decision to hold the debt ceiling hostage to demand only big cuts in spending and President Obama’s almost enthusiastic desire to play along was a way to deal with the problem of the nonexistent bond vigilantes by actively creating some.
|By: Elias Altman Saturday February 12, 2011 1:59 pm|
Massachusetts issued the New World’s first paper currency in 1690. With poor soldiers returning from a failed campaign against the French in Quebec, the colony found itself short on silver and copper coins to pay the men for their service. To solve the problem, the government printed bills of credit—promises of payment once the colony had collected more taxes. These slips of inked paper, deeds to a future fortune, quickly spread, offering a convenient medium of exchange for all thirteen colonies, whose reserves of precious metals were scanty and often concentrated only in the hands of the rich.
|By: masaccio Wednesday December 15, 2010 8:40 am|
Tax cuts for the rich increase the money looking for returns in financial markets. That’s your retirement the rich are eating with these foolish tax cuts.