For 70 years the word “holocaust” has been in common use and we all knew it was about the bigoted murder of thousands of civilians during The Second World War. Schindler’s List and other movies have brought the tragedy alive in our minds. It was about the wholesale extermination of people to make space for …
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Category:US
George Floyd murdered. America living in fear of itself. Change is your choice.
It’s still happening. Don’t forget. George Perry Floyd Jr. (October 14, 1973 – May 25, 2020) was an African-American man who was murdered by a police officer in Minneapolis, Minnesota. He is one of many. He would have been 50 this year. Racism is a part of America. The only way to extinguish it, heal …
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Is the trillion dollar deficit an issue?
It was going to happen sooner or later. Maybe the meltdown in the world of finance hastened the trillion dollar deficit, though US governments have been trying hard to breach that milestone. Three months before the end of this financial year it’s happened. Maybe it’s not such a frightening number in the context of the …
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US economy recession or recovery
Fortune’s gauge: 7 metrics that indicate the trend in the US economy. Data in pretty pictures. http://money.cnn.com/magazines/fortune/storysupplement/recovery_index/index.html
12 year lows are rare
I don’t think that the economic contraction has ended yet, but there are signs of a bottoming out of some markets. The US market has been cleaning itself out for six months, though moral hazard remains as do some big skeletons (like the Madoff, Stanford …). The Fed Chairman is concerned about stagflation too. But …
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Is the US economy really growing?
Today’s report of 1.9% annualised growth of the US economy in the second quarter is surprising. With virtual stagnation of property markets, dry credit and inflation it seems implausible that this growth is occurring. These numbers from the Department of Commerce are preliminary and may be downgraded. Many analysts, including us, believe that the US …
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California burning
Fire season in California is of to a hot start. Since June 20 over half a million acres have been consumed. The news hasn’t been as prevalent as last year because residential areas have not been so affected … yet – though 40 residences have been destroyed already. It is still early in the season …
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Changing Games in the Global Casino
Hazel Henderson has pioneered natural capitalism for several decades and writes tirelessly on the dysfunctioning of iniquitous economic systems. In mid-June she published a summary and analysis of current events which is reproduced below and on EthicalMarkets.com here. Changing Games in the Global Casino © Hazel Henderson, 2008 Ever since the 1980s when Britain’s Margaret …
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End of credit crunch …?
US Treasury Secretary thinks that it is the “end of the credit crunch“. It is likely that he said “peak” rather than “end”, or meant that anyway. And take that message with caution: yes this may be the peak of the unwinding of the US sub-prime mortgage mess, but unwinding will continue till year end. …
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Another Fed rate cut … how low can you go, Ben?
The US Fed cut again from 2.25% to 2%. Now is the time to be reducing rates. But they’ve already come down so much in the past 2-3 quarters, while behaviour of policy makers and fiduciaries remains behind the game. I’m sure Ben would like to have additional room to reduce rates in case stimulation …
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