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Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

March 2, 2012 at 10:10 AM

Vote: Are you back in the stock market?

February reportedly enjoyed its best stock-market run since 1998. But the Great Recession revealed Wall Street as a casino where individual investors are prone to be the losers. Amid all the frauds and dodgy “investments” — and this wasn’t the first time, recall 2001 with Enron and its felonious cousins — the ideal of a shareholder nation for the middle class turned to ashes. Millions of average Americans were financially ruined.

Writing in the New York Times, Phil Angelides, chair of the Financial Crisis Inquiry Committee, asked, “Will Wall Street ever face justice?” We know the answer. Lindsay Lohan has done more jail time than all the big banksters that brought on the crash combined. Meanwhile, the Business Insider blog looks at the high incidence of psychopaths among Wall Street traders.

So, today’s poll. You may select multiple answers:

How are you investing now?

Read on for the best links of the week and the haiku:

The Week’s Links:

  • Financial crisis amnesia || Tim Geithner’s op-ed in the Wall Street Journal
  • Mapping housing misery across America || Atlantic Cities
  • The myth of the out-of-control federal government || Off the Charts
  • Paul Ryan’s budget proposals: Fiscally irresponsible || Baseline Scenario
  • Stop starving public universities and the shrinking middle class || Robert Reich
  • Why is finance so big? || Baseline Scenario
  • The U.S. economy in charts || U.S. Treasury
  • Without government subsidies, gas would be $15 a gallon || TreeHugger
  • Are bankers capitalists? || New Deal 2.0
  • State cutbacks in job training hurting the economy || New York Times
  • The new trade cops || Prestowitz/Foreign Policy
  • Real house prices and price-to-rent fall to 1990s levels || Calculated Risk
  • True innovation: Why today’s Silicon Valley can’t beat the achievements of Bell Labs || New York Times (Must Read)
  • Today’s Econ Haiku:

    Yelp debuts and zooms

    A great day for insiders

    But where are the jobs?

    Comments | More in Investing, Lindsay Lohan, Stock market


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