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Tag Archives: Recession
The Decline of the United States.
“The money that’s made from manufacturing stuff is a pittance in comparison to the amount of money made from shuffling money around. Forty-four percent of all corporate profits in the U.S. come from the financial sector compared with only … Continue reading
Posted in Reflections
Tagged bad money, decline of america, financial crisis, Hugo Chavez, kevin phillips, peak oil, Recession
2 Comments
The Socialization of Risk
There’s a saying that goes something like, “You don’t find any atheists in a fox-hole,” meaning people get dumb when they’re scared. You could also say that you don’t find any free-market cheerleaders in a recession. Suddenly everyone … Continue reading
Posted in Ghost Ride the News
Tagged auto industry bailouts, bad money, CDOs, hedge funds, kevin phillips, Recession, socialization of risk
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