“US stock futures turn red after jobs report.”
Thus read the top story on MarketWatch.com this morning. Simple enough, right? The economy didn’t add many jobs last month, so investors pulled back.
Oh wait…
The reality is that last month’s jobs report showed the US economy added more than twice as many jobs than most…
There is a curious rumor going around. Allegedly, the Obama Administration is producing a shrinking federal deficit. Paul Krugman has even picked up this rumor in his NYT column. Is there any traction to the dubious assertion that the administration is fiscally sane?
Obama is Better Than Obama?
There is a difference between the national…
This article was originally published at Values and Capitalism.
In recent years, the purported effect of oil speculators in raising the price of oil has sparked much debate and concern. Pundits of various political bents have sought an explanation for the rising price of oil among the activity of speculators, and legislation has recently been…
If you’ve been following the news lately then you have probably heard something about Barclays and interest rate fixing. Barclays is a massive banking corporation based in the UK with a large world-wide presence. By ‘interest-fixing’ financial commentators mean Barclay’s lied about the London Interbank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (EURIBOR).…
“My true adversary in this battle,” he said “has no name, no face, no party… it is the world of finance.”
Thus spoke new French President Francois Hollande while campaigning last month. Despite the seeming backwardness of such sentiments, it is no secret that many people actually do feel a degree of animosity toward the…
I made a statement in a recent op-ed published at Values and Capitalism that banks do student-borrowers a favor by allowing them to use money in the present pay it back in the future. Considering the nature of some of the feedback I received, I think it is worth exploring in more detail why this…
