Benjamin Roth: The Great Depression: A Diary
It's all here, times change people don't
-the endless govt programs that fail to stimulate the private sector
-the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out
-Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then
highly recommended
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Robert Scheer: The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street
The former Editor of Ramparts takes on both parties and how they sold out to Wall Street that is even now partying and bonusing on their former mistakes.
Charles Gasparino: Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street
How Wall Street Backed the Administration and Got What It Paid For
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Wed March 25, 2020
The Volatility index is pulling back from its peak. This indicator hit the same 80-90 region that was recorded in 2008.
The inverse relation is clear with the SPX at top paneel. SPX bottomed as the VIX toped out.
But the 20008 problems were more financial than economic. Now with most conferences cancelled, it is hard to see airlines hotels restaurants or auto dealers recovering any time soon.
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