Economic Causes
Everything has dropped...
I woke up this morning and learned that the GOP won Mass, and thus we lost a vote in the Senate.
Then I looked at the markets.
As I write this, the Dow is down 160.29, palladium is down $12.00, platinum down $33.00, Gold down $28.00, and silver down from 18.83 yesterday to 18.06.
What louder message can the world send? Of course there are a large variety of factors at play here, but it does look suspicious.
Wide open for opinions.
Terry
National Strike Day
Monday May10, 2010 is National Strike Day. We are organizing a day of boycotts/strikes in order to protest the alliance of Big Bisiness and Big Government that is destroying America. Please visit www.strike2010.com for more information.
Obama Must Toss the Bums Out of Treasury, End the Wars and Start Leading
By Dave Lindorff
If you are sitting in class taking a test, and you’ve chosen to sit
amongst your bone-headed, slacker friends, don’t turn to them for help
when you can’t figure out of any of the answers. They may all tell you
the same thing, but they’ll all be wrong.
- dlindorff's blog
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Unemployment Up Dramatically! Stocks Rise! Huh?
By Dave Lindorff
Ordinary, average, struggling Americans might be scratching their
heads over the news today, as the Labor Department reports that
unemployment is up by four-tenths of a percent for the month to a
record 10.2%, fully three-tenths of a percent higher than economists
had been forecasting, and stocks do what? Rise by a quarter of a
percent!
What’s going on here?
Well, the tube analysts are quick to say, unemployment figures are
a “lagging” indicator. That is, employment generally lags the overall
economy, with layoffs coming after a recession kicks in, and hiring
waiting until a recovery is well underway.
- dlindorff's blog
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Economic Financail Terrorist
Regulation of the financial System currently Zero!
'Capitalism' Opens Today at a Theater Near You! ...an invitation from Michael Moore
From Michael Moore:
For two months, we've sat and watched the rabid right achieve the
unimaginable: Derail universal health care and send the Democrats in
Congress running for cover. Many have asked, "How did this happen? How
could a small minority of angry people control the public agenda? Where
is the majority's response? Why the silence?"
I don't have the answers to all these questions. But I do know
this: I've had enough. As far as I'm concerned, Tea Bag Nation ends
today -- at noon to be precise. For that's when I set loose, on a
thousand screens across this great land, a movie I've made that's so
relentless, so dangerous, so damning in its humor, that it will -- I
can only hope -- do what no movie has done before: Take them down, take
them all down, once and for all.
- davidswanson's blog
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Thoughts on Saving an Old Barn
Corporations have no more place in a democracy than carpenter ants and mold have in the beams of an old barn.
- dlindorff's blog
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"Looting of America" Author Sees Opportunity in Meltdown
By David Swanson
I've just interviewed Les Leopold, who blames the recent financial disasters on trends that began over 30 years ago, explains how a great deal of Wall Street's "investing" has had as much connection to the real economy as fantasy baseball has to baseball, diagnoses the failures of labor and the left to resist the financialization of the economy, views the current situation with genuine optimism as a rare moment in which we might be able to make necessary changes to regulate finance and to shift money from a tiny group of billionaires to the rest of society, and explains why that latter step is needed to stabilize any economy.
With teach-ins planned everywhere on June 10th and people trying to educate each other on exactly what just happened to trillions of our children's dollars, you could do a lot worse than to gather some friends together, read or listen to, and discuss, this interview, and then take appropriate actions.
Here's the audio in an mp3. It's a little under an hour.
David Swanson interviewing Les Leopold:
- davidswanson's blog
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Fantasy Finance and Real Fixes
By David Swanson
If you're like me you find it at least a bit disturbing that we're giving trillions of dollars to save the economy to the very people who wrecked it, and more disturbing that we're doing so without any solid basis for expecting to get much of it back and without making fundamental changes to prevent a repetition. But if you're like me, you also aren't 100 percent certain how a credit default swap works with a cubed collateralized debt obligation, much less whether such a monstrosity needs to be eliminated or reformed. What to do?
