Have you wondered why the stock market has gone crazy, while the real economy slumps? Why the rich are getting so much richer, while the poor are getting so much poorer?
Oh, sure. There's plenty of fraud in this rigged economy, but how is it rigged?
This last question I can answer (from a bird's eye view).
This CNBC 'apocalypse' headline was renamed to be less scary. The previous headline was 'tsunami of evictions'.
I'm new here and very grateful for the step up in intelligence this site has over DKos. However on economics and politics I'm puzzled by the number of very well written and researched essays that take our living in a capitalist or democratic country as a starting point.
Some points on that:
In the most recent installment of the Dismal Swamp News, your reporter declaimed (or proclaimed) "are you tired of winning yet?" Not too subtle reference to Commander Cheeto's pre-election promise that "we will get tired of winning". Well, El Trumpo is winning and has been winning. The Dems mistake whining for winning.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."
-Thomas Jefferson
According to the Fed’s recession probability model, the odds of a recession in the next 12 months are the same now as they were in July 2007. That was when the credit markets first seized up, leading to the 2008 Great Recession five months later.
Has the whole world gone mad? Maybe. But certainly a large proportion of the American politically-interested populace seems to be breeding a growing number of lunatics. The brief film clip (11:49) included with this essay reveals the degree from reality many formerly respected left-progressive spokespeople have descended driven into the madness of rampant Trump Derangement Syndrome.
The consumer sentiment survey is supposed to be useful. It isn't.
I hope you are satisfied with the current state of the U.S. economy, because it'll get worse from here on.
This is well worth the time if the subject interests you -- And It Should!! I found it interesting it anyway.
