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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ggersh who wrote (110048)9/23/2014 10:30:06 AM
From: John Vosilla  Read Replies (1) of 110194
 
'Wall Street is, in a very real sense, the epicenter of our environmental crisis. To ignore that fact is to risk dooming our other climate efforts to failure, or to use them merely as palliatives for troubled consciences. There's no other way to say this: Capitalism, as practiced on Wall Street today, is an existential threat to humanity.Wall Street is, in a very real sense, the epicenter of our environmental crisis. To ignore that fact is to risk dooming our other climate efforts to failure, or to use them merely as palliatives for troubled consciences. There's no other way to say this: Capitalism, as practiced on Wall Street today, is an existential threat to humanity.'


Plutocrats doing a great job keeping finance centralized in our global financial centers like Wall Street. I once thought technology would have done the opposite over this cycle. Is ironic the very low interest rates, the spreads and scale of our too big too fail financial institutions makes it impossible for the smaller institutions to compete and offer the same rates these days. Is great for the top 25-30% with great credit and income able to borrow to overconsume and buy 'stuff'..
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