The Financial Times has its take on today's market woes. In this mess is a tale of just how twisted the American economy is. Wages are flat and inflation is modest. This used to be sufficient for "experts" to shout for joy. BUT now we have credit and oil issues. And a government, particularly and executive branch, that has proved violently indifferent to the conditions of average Americans.
Someday we'll learn about wealthy Americans' (the rentier class's) flood of investment in foreign currencies and precious metals.
Thursday, September 4, 2008
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