Aug 5 2009
In Goldman Sachs We Trust: The Story of a $222 Stock going to $1 During the Great Depression.
As we look over the masters of the universe on Wall Street with Bear Stearns, Lehman Brothers, Merrill Lynch, Morgan Stanley, and Goldman Sachs only two remain standing and no longer in their previous form. Yet in the midst of all this turmoil, the storied Goldman Sachs is still churning out the profits. A recent [...]
Jul 28 2009
It’s the Jobs Stupid: Why There will be no Recovery until Employment Stabilizes. When Obvious Financial Truth Becomes Uncommon. New Nurses Competing with Old Nurses for Hours Because of Gender Unemployment.
It should be rather obvious that without any sustained job growth there will be no economic recovery. In the same breath, you will have someone tell you that this is no common recession yet when it comes to talking about the stock market they will tell you that in normal times, stocks recover before jobs. [...]
