It is amazing how many financial analysts usually from the too big to fail banks have gone onto the media circuit to claim that employment is always a lagging indicator in economic recoveries. They preach this belief as if it were a law like thermodynamics. These same people who never envisioned a stock market collapse rivaling the Great Depression now want the public to believe their flawed doctrine of economic prosperity. Yet the question is prosperity for who? How are we supposed to trust an industry filled of self-labeled experts that missed the biggest financial crisis in modern times? This is like a pharmacist who doesn’t know what drug to give you or a baseball player who can’t swing a bat. We can’t trust Wall Street for a variety of reasons including they are part of the nucleus for this economic calamity.
Read the entire story
No comments:
Post a Comment