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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (108862)2/24/2010 6:29:10 AM
From: THE ANT1 Recommendation  Read Replies (1) | Respond to of 116555
 
It would not be so bad if this 1% was truly productive.Finance does not create wealth for the economy and now that the tide has gone out we see that they are money losers.Like lawyers we need very few financial types to grease the wheels of capitalism.Any more gunks things up.



To: TobagoJack who wrote (108862)2/24/2010 7:00:52 AM
From: TobagoJack  Respond to of 116555
 
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To: TobagoJack who wrote (108862)2/24/2010 9:54:01 AM
From: Hawkmoon  Read Replies (1) | Respond to of 116555
 
"Wealth Disparities in U.S. Approaching 1920s Levels"

Which makes a compelling argument with regard to whether Lazzez-Faire Capitalism is the best system, or is there true need for responsible government regulation to restrain it's abuses?

And maybe that's why I'm so pissed off that the stimulus money we did spend didn't do a damn thing to assist "Main Street", while these Wall St. sociopaths are raking in 17% higher bonuses off of trading and churning.

CAPITAL HAS TO BE RETURNED TO THE HANDS OF THE ENTREPRENEURIAL CLASS AT MAIN ST. LEVEL FOR THIS ECONOMY TO GROW.

It's no coincidence that, for many years, small business has been the economic foundation of this country. If that fails, we ARE truly doomed.

... awesome, and redistribution will and must happen, and key question is how, by universal suffrage suffering or revolution or a toxic mix.

Now.. maybe you can provide us some insight to the Wealth disparities in China and Europe?

I suspect that W/D in China exceed those in the US, but I'm willing to stand corrected if you can provide the evidence.

Hawk