Below you'll find a list of all posts that have been tagged as “Wall Street”
Yves here. This post by Ed Walker provides a detailed description of how badly municipalities have been fleeced when they bought interest rate swaps from Wall Street as part of financings. It isn’t simply that these borrowers were exploited, but that the degree of pilfering was so extreme that the financiers clearly knew they were dealing with rubes and took …
As the sun set on the Occupy Seattle encampment in December 2011, the question “What next?” hung in the air, as it did over Zuccotti Park in New York City. The tents were gone, our spirits were dampened, but an awakened sense of empowerment prevailed. The movement had given voice to a widespread fury at big business and a recognition …
The first quarter GDP will be negative unless the figure is again manipulated and faked. I am looking at two charts. One is the Federal Reserve Bank of Atlanta’s forecast. During the past 30 days, the Atlanta Fed’s forecast has dropped from 2.3% first quarter growth to 0.3 percent.https://www.frbatlanta.org/cqer/researchcq/gdpnow.cfm The other chart is the Blue Chip consensus. This is Wall …
Despite the practical failures of free-market economics, too many mainstream economists have continued to embrace simplistic ideas about how the economy works. Such ideas are often rooted more in ideology than in evidence. These beliefs and the policies that follow led directly to the 2008 financial crisis and the Great Recession. They also centrally contributed to the nation’s subpar performance …
The Federal Reserve issued their fourth quarter Report On Household Debt And Credit last week to the sounds of silence in the mainstream media. Here’s some actual analysis which describes how they manipulated a fake recovery and kept the masses sedated, misinformed and pliable. Lots of figures for you but they tell their own story. We can even see clearly …
