Al-USA

How Warren Buffett Is Smarter than the G20

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I think unemployment is overrrated if 70% of our GDP is consumer driven and 25% of the peopel have over 90% of the assets then the stock market should fine with all this excess liquidity and spending should resume.
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That's the problem, if your figures that 25% have 90%+ of the assets. That is what brought about the crisis of capitalism, a crisis of overproduction. Quite simply, wealth became, once again, too concentrated, as it did in the 1920's, and the velocity of money collapsed... Which directly lead to the still unfolding, in my opinion, Greater Depression.

But, since the USA mainstream media is controlled by seven men (oligarchs) all you hear is Greater Recession.... If you believe that than you will also believe the unemployment rate is really 10.2% nationally, that recent GDP of 3.5% means "recession over", and that we have two political parties with FUNDAMENTAL differences acting completely on behalf of the American masses.

Ok, I think I made the point although much more can be written about the contradictions of American Capitalism and its "democracy", the best that money can buy. Which is to say, those with the most money get the most democracy.

By the way, another very interesting article by the author.
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We hollow out the middle of the global economy – with a few people doing ever better and most people struggling to raise their living standards. Increasing commodity prices hit hard at poorer people everywhere (recall the effects of the relatively mild run-up in food and energy prices in the first half of 2008). Global volatility of this nature helps big business but at the cost of undermining the middle class.
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From the quote it looks like the propaganda machine of the financial oligarchy will have a hard time selling capitalism as the best economic system for the masses. I mean, when the masses come to accept that they are out of a job, out of the means to feed/clothe their families simply because there is no profit in it for the capitalist elites, well, I'm sure readers can put 2+2 together on that one.

The Bottom's Within Sight - Barron's

Barron's is a corporation, serving the interests of the corporation. Why would anybody put any credence to what they have to say?

Where were they (mass media ala Barron's) when the market failed to take out the highs in Oct 2007 and instead had a massive reversal? That was a classic sign that the BULL was over. Of course, it was yet to be confirmed, but the point is where were the Barron's and the like?

No where, they were saying BUY, and they are still saying BUY... Don't listen to analysts or mass media, do your own research and invest according to your own financial situation.

Buffett and Cramer Agree: It's Time to Buy Stocks

Never listen to any analyst or "guru". Do you own research and invest according to your own financial situation.