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
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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Friday Nov 1 2022
The big move yesterday has precedent in other big moves after mid term elections. This extends Wave Two of Three with 34,000+ now a reasonable target. Surely this took lots of the existing buying power and PMO is looking toppy.
Media hype credits a lower than expected inflation rate. Press has inflation and the FED hikes moderating. Would that reflect a slowing of the economy?
I expect bond prices have firmed and again the closed end munis offer good value here.
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