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Monthly Archives: September 2014
The undermining of democracy: effective power no longer elected power
Admit, repent, reform, recover… Martin Wolf talks about his new book ‘The Shifts and the Shocks’, what has been learned from the financial crisis, and how elites can regain credibility in the wake of the crisis. Here is a direct … Continue reading
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Bank of Canada: no model of strength and stability
Despite the circus of purported ‘love’ around former BOC head Mark Carney (who wisely left for England last summer before the Canadian credit bubble could burst), a short honeymoon phase for newcomer Governor Poloz, and glowing self-endorsements of bank owned … Continue reading
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Record high markets no “safe” place to put money
Sam Zell effectively rips the marketing wrapper off the investment sales puff in this one simple statement: “What’s the definition of safe? That the stock doesn’t go down.” That is the way real people think about “safe” but it is … Continue reading
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