Following the events of September 2008, it is evident that Wall St. is still in control of our government. The Obama appointments are to say the least disappointing. We do not expect this economy to revive any time soon. Best to hunker down, buy lots of beans and grains, and work like hell for progressive political change.
Many people have just lost a good deal of their retirement $$, as well as part of the value in their homes, which were over-inflated due to the housing bubble created by Wall St. Now they are wondering what can they do with their remaining money.
As in the 1920s, for the past 25 years the stock market was allowed to become a casino, made inevitable by the deregulation ideology of the free market fundamentalists, beginning with Ronald Reagan’s regime, and continuing to the present. Ask your financial planner if s/he knew this meltdown was coming, and if not, why not, because I knew in 2005, as did Robert Shiller, a Yale economist, who predicted the crashes of 2000 and 2008. His web site is www.irrationalexuberance.com
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