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?
| More in Investing, Lindsay Lohan, Stock market
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