Ten Years After the Financial Crash (tags)
US economic statistics are dubious since financial markets are based on financial products and money out of nothing. Tax havens, micro-second betting, stock buybacks and corruption through lobbying are market-distorting and cause revenue shortfalls.
The Banking and Financial Crisis (tags)
"The transition from a long-term to a short-term orientation went along with the exaggerated profit goals. The approach of shareholder value sets maximum profits and dividends in the center of business policy and no longer long-term investments and the interests of employees.."
23 Theses on the Capitalist Crisis (tags)
Since the middle of the 1990s, the real economy only grew on account of the expansion of credit. After the dot.com crisis, the floodgates were opened. In the next four years, the Fed brought more dollars in circulation than in the whole 200-year US history.
A "Slow Motion Train Wreck" (tags)
Financial market turmoil and the Federal Reserve increases it