Ben Bernanke Breaks Cover on the Fed Game Plan

Kent PaulKent Paul – It has taken a 16% U6 unemployment number to stabilize the economy… that shows what a poor state the economy is in; in my opinion this is largely due to the deindustrialisation of employment for the lower level skilled workers, a result of global labor arbitrage and the amount of demand being sucked out of the economy by the high debt burden, which is paid to the wealthy and foreign creditors who then don’t spend most of the interest income. more> http://tinyurl.com/2d52oay

READ  Basel Rules May Push Banks to Slash Trading: Dugan

Leave a Reply

Your email address will not be published. Required fields are marked *