One more bubble to go

The American Prospect
by Jeff Faux

11/23/09

The word from Washington and Wall Street is that the worst is over. Sure, it will take a while for jobs to recover, for housing to come back, and for wages to rise. But we are definitely on the road to recovery from the biggest debt-bubble collapse since 1929. Maybe. There were actually two debt bubbles. One was driven by Americans borrowing against unsustainable inflation in housing prices. The other was driven by America borrowing against unsustainable inflation in the price of the U.S. dollar. One more bubble is left to pop. … The central threat here is not the currently rising federal deficit. … Rather, the core problem is the accumulating debt that the U.S. economy as a whole owes to the rest of the world, a result of a more chronic condition: 25 years of buying more in the global marketplace than we have been selling — and borrowing to make up the difference...

http://www.prospect.org/cs/articles?article=one_more_bubble_to_go



The critical unraveling of US society

Amped Status
by David DeGraw

11/23/09

You may have missed it in the mainstream news media, but statistical societal indicators are reading red across the board. Before exposing the root causes of this breakdown, let’s look at some vital statistics and facts: (1) The inequality of wealth in the United States is soaring to an unprecedented level. The US already had the highest inequality of wealth in the industrialized world prior to the financial crisis. Since the crisis, which has hit the middle class and poor much harder than the top one percent, the gap between the top one percent and the remaining 99% of the US population has grown to a record high...

http://ampedstatus.com/the-critical-unraveling-of-us-society


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=U.S.+economy
http://freepage.twoday.net/search?q=financial+crisis
http://freepage.twoday.net/search?q=bubble
http://freepage.twoday.net/search?q=recovery
http://freepage.twoday.net/search?q=federal+deficit
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=middle+class
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=borrowing
http://freepage.twoday.net/search?q=Jeff+Faux

World-News

Independent Media Source

User Status

Du bist nicht angemeldet.

Suche

 

Aktuelle Beiträge

Trump and His Allies...
https://www.commondreams.o rg/views/2022/06/21/trump- and-his-allies-are-clear-a nd-present-danger-american -democracy?utm_source=dail y_newsletter&utm_medium=Em ail&utm_campaign=daily_new sletter_op
rudkla - 22. Jun, 05:09
The Republican Party...
https://truthout.org/artic les/the-republican-party-i s-still-doing-donald-trump s-bidding/?eType=EmailBlas tContent&eId=804d4873-50dd -4c1b-82a5-f465ac3742ce
rudkla - 26. Apr, 05:36
January 6 Committee Says...
https://truthout.org/artic les/jan-6-committee-says-t rump-engaged-in-criminal-c onspiracy-to-undo-election /?eType=EmailBlastContent& eId=552e5725-9297-4a7c-a21 4-53c8c51615a3
rudkla - 4. Mär, 05:38
Georgia Republicans Are...
https://www.commondreams.o rg/views/2022/02/14/georgi a-republicans-are-delibera tely-attacking-voting-righ ts
rudkla - 15. Feb, 05:03
Now Every Day Is January...
https://www.commondreams.o rg/views/2022/02/07/now-ev ery-day-january-6-trump-ta rgets-vote-counters
rudkla - 8. Feb, 05:41

Archiv

November 2009
Mo
Di
Mi
Do
Fr
Sa
So
 
 
 
 
 
 
 
 
 
 
 
 
 

Status

Online seit 7114 Tagen
Zuletzt aktualisiert: 22. Jun, 05:09

Credits


Afghanistan
Animal Protection - Tierschutz
AUFBRUCH für Bürgerrechte, Freiheit und Gesundheit
Big Brother - NWO
Brasilien-Brasil
Britain
Canada
Care2 Connect
Chemtrails
Civil Rights - Buergerrechte - Politik
Cuts in Social Welfare - Sozialabbau
Cybermobbing
Datenschutzerklärung
Death Penalty - Todesstrafe
Depleted Uranium Poisoning (D.U.)
Disclaimer - Haftungsausschluss
... weitere
Profil
Abmelden
Weblog abonnieren