Feeds:
Posts
Comments

Posts Tagged ‘financial crisis’

Have recently started subscribing to Bill Moyers Podcast via iTunes. Perfect hour for my usual 3 1/2 mile walk.  Heard a very interesting conversation with James Galbraith (son of John Kenneth Galbraith) on our current economic crisis.

Galbraith argues that modern America has fallen prey to a wealthy, government-controlling “predatory class”:

Today, the signature of modern American capitalism is neither benign competition, nor class struggle, nor an inclusive middle-class utopia. Instead, predation has become the dominant feature — a system wherein the rich have come to feast on decaying systems built for the middle class. The predatory class is not the whole of the wealthy; it may be opposed by many others of similar wealth. But it is the defining feature, the leading force. And its agents are in full control of the government under which we live

Don’t stop there though as Moyers follows up with an interview with Mark Johnson and his ambitious Playing for Change:Peace through Music project. Some great music there. Moyers is easy to listen to – worth subscribing to.

Advertisements

Read Full Post »

Boy, this is hard to look at isn’t it?  I can’t imagine how many people are out there who have 401K’s and IRA’s and never look at their statements – many are probably heavily weighted in these particular indexes and boy are they going to be sick when they open that quarterly statement and see that 40% of their money just went poof!

If you were smart enough to pull out prior to this collapse, then it sure seems like it would be a good time to slowly start funneling  money back into fundamentally sound companies, especially ones with good dividends. I say slowly, because I see the potential for this thing to slide even lower over the coming months.  Still, It is hard to ignore all the pundits who keep reminding us that these “good companies” can be bought for a steal at the moment.  If you’d like to make some suggestions on just what some of those “good companies” might be, please put them in the comments and add why you think they would be good choices.

Read Full Post »