Financial crisis

Volatility and uncertainty=instability and insecurity

Yesterday I saw gas prices sway 15 cents between two Sunoco stations two blocks away. I can guarantee the tanker didn’t pull in twice that day. I’ve watched the stock market go up and down like a yo-yo, without any relation to the string or any laws of gravity that used to apply. In one Read More

Nicolas Sarkozy agrees with David Esrati on the “Financial Casino”

I’ve been calling for changes in the way Wall Street works for several years. Financial markets were designed for raising long term capital for investment in business concerns- based on long term business strategies. What they’ve become is a casino, where people invest for minutes, hours and days- based on fluctuation and whim. Google hasn’t Read More

Esrati on the Financial Crisis in video

I’m not a TV anchor, and there was no script. One take. It has errors (watch the pop up titles for corrections)- but, this is in support of my post Economic Stimulus the Esrati way The Fed dropped interest rates 3/4% today. The markets still tanked. The dollar is instantly worth less, and Congress is Read More

Newer Posts