This headline says it all. Wall Street and the real economy are at odds. If workers “wages get too hot” ie people start making more money, the market will drop. Wall Street is a parasitic casino that sucks money out of the real economy, by that I mean manufacturing, construction, public works, and the service sectors.
Friday’s nonfarm payrolls report for September comes at an important time for markets: As inflation fears again pop up, the government’s measures of not only job creation but also wage growth could provide important signposts for what’s ahead.
Damn straight. Climate change isn’t due to individual actions as the market worshipers want you to believe. It is due to an economic system that puts profits above all else
History repeats itself. This is Obamas legacy on Wall Street. An humongous asset bubble, blown up from quantitive easing from the Fed, unraveling due to toxic derivatives and leveraged instruments.
Obama didn’t break the banks up or regulate the derivative market. Now we will all pay the price again. If you have a 401k or money in the market, I suggest you move it to a safe place. Things are about to get bad
Jim Cramer explains how the market-wide sell-off is being exacerbated by obscure volatility trading vehicles.
“American ISPs charge some of the highest prices in the world in exchange for awful service. Your money isn’t being used to build better infrastructure, but to make the rich even richer: Comcast’s CEO earned $33m last year. Internationally, we’re an embarrassment: the country that invented the internet ranks tenth in average connection speeds, far below South Korea and Norway. And that number doesn’t capture the significant disparities in service that disproportionately affect poor and rural communities.”
Internet providers seized a tool built at public expense, privatized it, and sold it back to us for profit. Repealing net neutrality will only make it worse