Back in Jackson
Aug 20, 2006 16:18 Filed in: Economics
After a few days on the Blue Ridge Parkway in North Carolina, we have returned to the hot, murky atmosphere of the Deep South, taking refuge in air conditioning and hoping for an early fall. Fat chance.
By way of Feral Scholar, Counterpunch ran an article by historian Gabriel Kolko, "Bankers Fear World Economic Meltdown." Kolko seems to know what he is talking about. Financial derivatives and hedge funds have put literally trillions of dollars at risk, all enabled by low interests rates. Scary.
By way of Feral Scholar, Counterpunch ran an article by historian Gabriel Kolko, "Bankers Fear World Economic Meltdown." Kolko seems to know what he is talking about. Financial derivatives and hedge funds have put literally trillions of dollars at risk, all enabled by low interests rates. Scary.
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