Category Archives: economy

The Fed’s Unprecedented Generosity

Posted on August 18, 2011 by Arlen Grossman

Here is what the Federal Reserve didn’t want you to know: They helped large banks and other corporations out of a terrible jam. Sounds like a nice thing to do. Why wouldn’t they want us to know that? Thanks to … Continue reading →

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BPR Quote of the Day: Understanding the Banking System

Posted on August 17, 2011 by Arlen Grossman

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”            Henry Ford     … Continue reading →

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Sacrifice by Democrats and Democrats

Posted on August 17, 2011 by Arlen Grossman

Obama: Debt Ceiling Deal Required Tough Concessions By Both Democrats And Democrats Alike AUGUST 3, 2011 | From the Onion ARTICLE TOOLS WASHINGTON—A day after signing legislation that raised the government debt ceiling and authorized steep budget cuts, President Obama … Continue reading →

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BPR Quote of the Day: Coddled Billionaires

Posted on August 16, 2011 by Arlen Grossman

“My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.” –Warren Buffett   Buffett’s NY Times Op-Ed Buffett: A traitor to his class, or a guy … Continue reading →

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“Karl Marx Had it Right”

Posted on August 14, 2011 by Arlen Grossman

Influential economist Nouriel Roubini, who accurately predicted the last economic meltdown, predicts more trouble ahead. In a Wall Street Journal  “Big Interview” on TV last week, Roubini gave a very pessimistic forecast for the world economy.   Roubini blamed George W. … Continue reading →

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The Next Great Depression: Coming Soon?

Posted on August 13, 2011 by Arlen Grossman

Looking at the precarious state of the American and world economy, I would suggest that the volatility of the stock market last week is a strong early warning that a major financial crash in on the way. The massive amounts … Continue reading →

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Ratigan Explodes!

Posted on August 12, 2011 by Arlen Grossman

Dylan Ratigan loses his cool and makes sense at the same time.

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A Poor Standard

Posted on August 8, 2011 by Arlen Grossman

The Standard and Poor’s credit rating agency, which helped cause the last financial meltdown, downgraded the U.S. Credit rating last week, contributing to a new financial meltdown.  Standard and Poor’s was among the credit agencies that gave its high AAA … Continue reading →

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U.S. Debt: Some Historical Perspective

Posted on August 7, 2011 by Arlen Grossman
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The Death of Mark Pittman

Posted on August 6, 2011 by Arlen Grossman

Mark Pittman, one of the Bloomberg reporters mentioned in my August 5 post, The Death of Capitalism, was an award-winning finance journalist who predicted the collapse of the banking system in 2007, and in conjunction with Bloomberg News, became the … Continue reading →

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