Tag: Wall Street
As we head into 2019, leaving the chaos of this year behind, a major question remains unanswered when it comes to the state of Main Street, not just here but across the planet. If the global economy really is booming, why are leaders and their parties around the world continuing to get booted out of office in such a sweeping fashion?
We have been here before—-in the blow-off stage of a stock market mania that is being driven by nothing more than momentum. Speculators and robo-machines alike are buying the market solely because it is going up (almost) every day.
Trump came to power promising opposition against the US aristocracy; but, instead, he’s on the attack against Obama’s least-bad policies, while trying to out-do Obama’s worst policies.
In democracies, the demos, the people, rule; not social or economic elites. This was the understanding of philosophers in Athens twenty-five centuries ago, and it remained the consensus view well into the modern era.