Archive for April, 2013

Comments Off on The Great Deformation: The Corruption of Capitalism in America – Chapter 18

The Great Deformation: The Corruption of Capitalism in America – Chapter 18

The Great Deformation: The Corruption of Capitalism in America by David Stockman Excerpts from: CHAPTER 18 THE GREAT DEFORMATION OF CAPITAL MARKETS How Wall Street Got Huge The collapse of three separate $5 trillion financial bubbles in less than a decade attested to the deeply impaired condition of the nation’s capital markets. Yet the spectacular […]

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Comments Off on The Great Deformation: The Corruption of Capitalism in America – Chapter 17

The Great Deformation: The Corruption of Capitalism in America – Chapter 17

The Great Deformation: The Corruption of Capitalism in America by David Stockman Excerpts from: CHAPTER 17 SERIAL BUBBLES The period between Greenspan’s arrival at the Fed in 1987 and the dot-com crash in early 2000 brought a remarkable change in the finances of American households. Bubble finance supplanted the old-fashioned habits of savings and frugality. […]

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