08/23/10 Stockholm, Sweden –
Barry Ritholtz, editor of The Big Picture blog and two-time Agora Financial Investment Symposium speaker, describes to Forbes how the failed recovery is like economic purgatory… and is at least devoid of new hiring among other problems. With interest rates essentially at zero the Federal Reserve has “painted themselves into a corner” and are well on the way to “making cash trash.”
Overall, Ritholtz points out with his unique panache that too-low interest rates have caused the nation to embrace moral hazard and malinvestment. This clip came to our attention via The Big Picture blog post on an uncertain economic recovery.
Rocky Vega
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
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Yea that is what happens when you base your life on economic conditions. Really there are other things is life to do but to worry about the economy. But if you don’t know them I ain’t telling.
Jobs in West
Selling fake antiques, growing
weee. D? Calif. votes on legalizing
herbs NOv ’10. . . other viable jobs. .
shipping, mkting imports from Asia.,
yet EU plans austerity. . . then?
Southern California is in a depression…..car lots closed everywhere. small retail areas with 6 out of 12 stores and restaurants closed. Stores closed on Whittier blvd. Banks taken over by FDIC…and branches closed and tellers fired,,Washington mutual,Wachovia,Arrowhead credit union,Blockbuster closed,Police services cut back,crime home invasion robberies.