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Déjà vu: six steps that make up a great panic

Times - It has not been too difficult to foresee the course of the 2008 credit crisis, since it has followed the classic pattern of financial panics. There has been nothing new so far; it is just that the world forgot the lessons of previous panics: an expensive oversight.

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A Mandate for Spreading the Wealth

truthout.org - When President Franklin Roosevelt heard pleas for bold steps to counter extreme economic inequality, he replied: “Go out and make me do it.” Barack Obama won the presidency after clearly saying that he wants to spread the wealth. Let’s make him do it.

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Stocks: The Meltdown and the Media

BusinessWeek - During past crises, average investors needed to wait until the evening news or the next day’s newspaper to learn how their investments had done. This year, the financial panic has unfolded minute by minute in front of investors’ eyes. Meanwhile, online tools allow investors to make rash decisions, buying or selling [...]

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30 reasons for Great Depression 2 by 2011

MarketWatch - First. Dot-com crash Second. Subprime meltdown Third. Megabubble cycles. We see the Great Depression 2. Why? Wall Street’s self-interested greed. They are their own worst enemy … and America’s too.

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