The Economy Is Doomed Says Charles R. Morris

Over the last few days, global markets have been surging and collapsing like a teeny-bopper’s hormones. The Monday swoon was precipitated by the downgrading of the U.S. credit rating by one of the major credit agencies, while the Tuesday resurrection was in reaction to Federal Reserve chairman Ben Bernanke’s promise to keep interest rates near zero in perpetuity if necessary.


Neither of those was a real event. Treasury risk premiums fell ... Full Story »

Posted by Fabrice Florin - via Johan Jessen (t)
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Posted by: Posted by Fabrice Florin - Aug 11, 2011 - 8:21 AM PDT
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Edited by: Fabrice Florin - Aug 11, 2011 - 8:47 AM PDT

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Fabrice Florin
4.0
by Fabrice Florin - Aug. 11, 2011

Sober analysis of the recent financial instability by lawyer and former banker Charles Morris. He provides useful factual information from multiple sources to argue thoughtfully that if we continue on this path, we're likely to face another major crisis.

See Full Review » (11 answers)
Randy Morrow
3.8
by Randy Morrow - Aug. 11, 2011

Everyone agrees that America has to rebalance the share of production and consumption in GDP. But companies won’t ratchet up investment in a ... More »

See Full Review » (11 answers)

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