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Financial news I consider important, with my opinion, which is worth as much as you paid for it.

Thursday, October 12, 2023

2008 and now

The global economic forces of change culminated in 2008, and rather than allow the free market economy to find new footing, the global financial system decided to try to keep things 'normal'.


Fast forward to 2023, the rich vs the poor has never been greater in our democracy, the middle class can barely pay their mortgages, and consumers have over 1 Trillion dollars in credit card debt with interest rates of over 30%.

I'll be posting soon, the stock market will eventually reflect the future earnings.  For now, money has to go somewhere, and the world looks at America as the best of the bunch, keeping money in our stocks and bonds.


To see how the world has changed economically, a good, but rather long winded video



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