Well, the Saudis are burning up their cash reserves at an alarming rate. But they are willing to wait it out and not decrease production in order to i...
This sell-off is an odd one in that it seems to be driven by good news (the oil price collapse) and irrelevant news (the China stock market losses). P...
Well, the Social Security Fund is invested almost totally in special treasury bills, which are the safest investment on the planet. The concept of SS ...
The vast majority of US workers have no pension of any significance - they were destroyed along with unions. Pensions are a luxury of the rich. Most w...
I explained in detail. IPOs have no impact on the market or in capitalizing businesses. I told you why. Anybody who understands IPOs beyond what they ...
I agree. Few things can jump start an economy better than cheap fuel prices. Right now, tens of millions of Americans who commute are on average getti...
The reputable ones do. Every recession is preceded by a growing income gap. Every single one. The larger the gap, the larger the recession. The facts ...
It's just shorthand, Bitter, for the rather serpentine process whereby Republicans, particularly the odious conservative Phil Gramm, made sure they we...
We already know how the Bush Meltdown happened: deregulation of mortgage lenders (the gutting of Glass-Steagall) plus deregulation of credit default s...
Actually, no, they usually aren't. Since most of the market is owned by the rich, they are basing their decision on their particular economic situatio...
Ironically, the companies that can issue IPOs are the very ones that don't need capital. If they are so successful that they can go public, they can g...
Dave Foreman, of Earth First! fame, suggested the Great Plains be repopulated with bison and native grasses, and open only to subsistence hunters. You...
I had personal experience with the Sagebrush Rebellion in the 80s. My view is that they are no different from the Bundy Militia types. They wanted to ...
By "repressive tolerance" Marcuse meant tolerance of the violent, repressive structures in an advance industrial society - like wage slavery and capit...
But of course leftists aren't occupying public land with guns trying to get free stuff. Rightwing knownothing ranchers are. And the same is true about...
I'm amazed you'd think otherwise. Working people have almost no significant ownership in the market. Working people have very little credit issued to ...
More whacky economics from somebody who doesn't understand what the stock market does. SSU probably thinks that when he buys IBM stock the money goes ...
Investopedia -- a perfect source for your understanding of advanced capitalism! Of course you have it backwards. Recessions cause stock prices to fall...
The market has always been a side bet. Like the guy who bets on whether the dice player will crap out or not. You must be aware that when you "invest"...
Well, no - it means that the rich have put their money somewhere else. It's not like they care about the US economy or the glories of the stock market...
I'm not quite sure what decline here means, but the relationship between unemployment rates and stock prices is well studied. The relationship is comp...
I'm well aware of the overall decline in income in the lowest quintile over the past 30 years. The Bush Recession however affected the US economy in o...
You need to avoid aggregated information in economic matters. It leads to nonsense (like the Bush tax cuts providing Americans "on average" $1800 of r...
Just to gloss this, we have had a credit bottleneck since the Bush Recession. Hardly anybody but the rich can get any credit (except for student loans...
This is something most people don't understand. They think that "investing" in the stock market capitalizes the business at issue, which can then prod...
No, it doesn't. A credit bottleneck does. A credit bottleneck may also lead to a decline in the market. But a decline in the market does not by itself...
Yes it does. If they archive, publish, peer review, it means there are institutions for that purpose. Generally that cost money. With more advanced sc...
No consistency problem here at all. Einstein lived in a culture that in fact did have scientific institutions (indeed arguably the most advanced in th...
The WSJ agitprop likes to talk about how 50% of Americans own stock as if that means working folk's financial well-being is tied up in the market (the...
Stock prices have nothing to do with capitalization by foreign investors. The capitalization would have occurred during the IPO. After that stock sale...
Credit crunches are serious matters. Hence the Bush Recession was disastrous. They are almost always the result of underregulation of financial instit...
You're simply not describing reality. The vast majority of Americans - and even more so in the world - own no substantial stocks. It makes no differen...
This may help to see the irrelevancy of stock ownership to 90% of Americans http://inequality.org/wealth-inequality/ http://www.cnbc.com/2014/09/08/th...
Read your own link. The amount of stock options are meaningless since the average American has about 10K in savings. Your link is about stocks in any ...
No. A huge number do not. 90% of Americans (probably 99%) have no stock options and barely get by on low wages. Stock options are for comfortable peop...
Layoffs don't occur when the market collapses. Layoffs occur when there are credit bottlenecks as in the Bush Recession. Markets go down for all sorts...
Of course it does, but that's neither the claim nor the issue. The fact is philosophy can't do dentistry. So it matters if we have science or not. And...
Yes, knowledge that isn't institutionalized isn't science. It's trial and error. Something people have always done. It has less predictive value than ...
By the way, three cheers for science. It makes modern life possible. I love science. Nobody is attacking it here. It just has nothing to offer philoso...
Zizek is probably planning a book right now, entitled "I Told You So" But of course hardly anybody but the super rich are in the stock market. Over 85...
No my purpose is to show that those who support these thugs by claiming "they have a point" are using counterfactual memes, which is basically all con...
We're going to have to disagree on this historically. An interest in nature has nothing to do with science. Neanderthals were interested in nature, an...
Hardly anybody does. And even less so as social funding for it dries up. Most philosophers nowadays teach (for minimal pay) while writing books as pub...
That's a hobby, not science. Without the Enlightenment and the ultimate institutionalization of science, Lavoisier's work would be an historical curio...
Potentially extremely useful since any understanding of fundamental states of matter may have tremendous predictive value. But in any case, this goes ...
Yeah but they perform it because people want it and we build schools, publish text books about it, offer jobs, and fund it. They would stop performing...
Of course people do other things beside practical prediction. We have literature, art, love, sports, religion. They have no predictive value. But we a...
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