This week HBO ran a new documentary on the life and work of equality activist Gloria Steinem: Gloria: In her own words.
Last week she sat down for 24 minutes with Charlie Rose on a broad range of topics. I thought it was one of the more thoughtful, humble, insightful discussions I have heard in a while. You can see the clip here.
Paul Gambles, Managing Director of financial advisory and asset management firm MBMG Group said the bond market, which is the most reliable indicator, has been pointing to a slowdown since at least April or May. According to Gambles, the deleveraging process facing the U.S. is so severe that a recession is inevitable. “If you’ve got a $14.5 trillion debt burden, it’s going to be a pretty severe recession,” he said. “Recession is usually linked to the size of the debt (a country) has to clear up.”
