dagblog - Comments for "Stiglitz:We suck at managing risk; energy and financial 'black swans' "

Er...I'm not sure that

we are stardust — Thu, 07 Apr 2011 01:09:29 +0000

In reply to Well before you go and slit

Er...I'm not sure that reaches any bar of 'comfort', except 'Cold', but I do thank you for the metaphorical comparison. ;o)

Well before you go and slit

cmaukonen — Thu, 07 Apr 2011 00:56:49 +0000

In reply to Welcome, C. A good day for

Well before you go and slit your wrists Stardust just bare in mind that what we have now that tries to be passed off as political discourse is what you would get if you passed out bull horns to every drunken Texas Rangers fan during half time.

Welcome, C. A good day for

we are stardust — Thu, 07 Apr 2011 00:43:02 +0000

In reply to Thanks for this. Good

Welcome, C. A good day for Depression. We.are.nutz. Not.worth.the.planet's.stewardship.

Thanks for this. Good

cmaukonen — Wed, 06 Apr 2011 23:36:17 +0000

In reply to Stiglitz:We suck at managing risk; energy and financial 'black swans'

Thanks for this. Good articles.

And Danny Schecter warns not

we are stardust — Wed, 06 Apr 2011 22:33:20 +0000

In reply to Stiglitz:We suck at managing risk; energy and financial 'black swans'

And Danny Schecter warns not to take the lower unemployment figures too seriously.

"At the same time, better paid government jobs are being chopped, leaving workers in low wage private sector employment paying less money for more work. Foreclosures are up even as bank profits (and CEO salaries) soar.

We are just learning the full extent of the Federal Reserve Banks loans to banks the world over, while a promised crackdown on fraud has yet to come. A bailout costing trillions was kept secret until a reporter's lawsuit just forced a disclosure.

Still hidden is the role government plays in manipulating markets or pumping them up through the Plunge Protection Team, a shadowy agency I discuss in more detail in my book, The Crime of Our Time.

Wall Street's "swinging dicks", as they are called are back in the saddle. They have neutered financial reform and have silenced the president, who seems to want to cheer up the people rather than inform them about what is really going on, as food and gas prices rise while inflation begins to rear its ugly head.

Veteran investor Jim Rogers told the Daily Bell:

It is already happening; prices are going higher. Now the blame game starts and the government will blame it on draught or crop failure or whatever.

Politicians will do and say anything to avoid explaining that inflation is a monetary problem. Their reactions are always the same and it is always astonishing to me."

http://english.aljazeera.net/indepth/opinion/2011/04/20114573053210245.html