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    Economics / capitalism, oligarchs, Simon Johnson /

    More on Capitalism: Is America Russia?

    April 15, 2009

    We really are at an important point in our history. The model of capitalism that dominated the Reagan era has been manifestly revealed as a failure. So the search is on for what to replace it with. At the risk of being repetitive I think it a subject worth continuing to discuss. Which is why […]

    Economics / GDP, retail sales /

    Retail Sales Spoil the Fun

    April 14, 2009

    Well it didn’t take long for the optimism of recent days to get firmly dampened down. Today’s retail sales data is a very strong indication that the economy is still very far from healing itself. Here’s the release and the story from MarketWatch.com: U.S. retail sales slump 1.1% in March – MarketWatch The first two […]

    Economics / first quarter earnings, Goldman Sachs, TARP /

    Goldman Sachs ‘Mis-Speaks’ About Its Income

    April 14, 2009

    Amazing what you can do if your audience is foolish enough. Goldman Sachs has become the darling of the cable TV talking heads and others largely due to the cachet still attached to it from its days as a highly successful privately owned investment bank. Right now it is trying to turn itself into a […]

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