Wealth re-distribution in the USA [rah, rah, rah]

[Kai Frederik Lorentzen]

In last instance it's, I guess, nobody's fault yet the 
self-referentiality of capitalism.

Does economic theory help?

http://www.youtube.com/watch?v=d0nERTFo-Sk

No, at least not anymore.

And the fucking Eurobonds will come, be sure ...

But there's hope ... Pynchon will always be a Triple-A-Author!


On 24.08.2011 13:29, alice wellintown wrote:

> I never thought that we would see the US downgraded from AAA. That the
> world has responded by buying up UST securities, the US 10 year
> benchmark at 2%, depite the downgrade (and Yes, I believe S&P is
> correct), suggests that the mature economies of the world, and
> particularly the US, Japan, and Germany, are not going to recover from
> the great recession any time soon. Of course there are several other
> considerations, the currencies, the price of energy (oil and
> alternatives), demographics (baby-boom retirement in the US...etc.),
> real estate portfolios, the cost of these protracted wars, the
> inflation in the BRICs, the welfare extended to Banks and Corporations
> (domestic, foreign, international) by the US Fed vs. the end of
> welfare for working people and the brutal corporate/ political
> subjugation of workers ....but I'm not going to hang that sign on Kohl
> or any other political leader. The fault belongs to the people; Shock,
> shock, but I blame the baby-boomers. I put the blame on the Vineland
> Zoyds and Brck Vonds and Frenesis.
>
>
> rich<richard.romeo at gmail.com>  wrote:
>> one almost feels bad for the germans, stuck in a debt-laden morass.
>> its all helmut kohl's fault (if you've been reading transcripts in Der
>> Spiegel of his conversations with Gorbachev right before the fall of
>> the Soviet Union, you'll laugh at the stupidity of the man) pushing
>> for the euro.
>> michael lewis' recent piece on Germany, good as it is, in the latest
>> Vanity Fair with its allusions to Germans love of shit and money
>> smacks of a Pynchonian type of prejudice
>> I liked that in Germany to avoid layoffs companies jiggered with
>> employee hours so no one lost their jobs. If anything, German workers
>> complain that wages have not risen comparable to German companies
>> profits. No doubt they'll figure something out way before any
>> like-minded happens in the US or Britain.
>> But in the end Germany may have to open its wallets again to save
>> Helmut Kohl's dream. I'd be shocked if they ever agreed to a eurobond.
>> like a swimmer attaching itself to a drowning person
>