Maybe Atrios is right that the reason that small investors are fleeing the stock market is simple lack of money. The fact that 401(k) loans and hardship withdrawals are at an all-time high backs that theory. But it’s also worth looking at market volatility. Nobody likes to take a roller-coaster ride with their life savings:
C.R.E.A.M.
Choosing Warren: This Would Be Bad, Because… ?
Excellent article by Joe Nocera, in the NYTimes, on the way that “Consumers [are] Clamoring for a Leader”: … “We’re Trojan-horsing people with the messaging,” said Bonnie Abaunza, one of the Brigadettes. In addition to Mr. Zimmer, supporters of the Main Street Brigade include the directors James Brooks and Ron Howard as well as other …
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Food Bubbles & Starvation by Broker
I never got around to finishing what was intended to be a thoughtful commentary on this Harper’s article, but since John posted about this earlier, I’m going to give you all the link, at least. Frederick Kaufman, “The Food Bubble: How Wall Street starved millions and got away with it”: Agriculture, rooted as it is …
Beck & the TPers Come Out of the Closet
Dave Weigel, at Slate, has the nuptial notice: After FreedomWorks partnered with Glenn Beck, some tea party activists rejoiced while others said it gave them pause… __ No hard feelings! The last weekend of August, Americans for Prosperity, the other big tea party group which, unlike FreedomWorks, takes money from the Kochs, is hosting its …
Something to Build On, Literally
Harold Meyerson is shrill: Several recent polls have called the Democrats’ attention to what should have been obvious to them: That helping America regain its industrial preeminence is one government activity that wins support across the board. One recent survey by Democratic pollster Mark Mellman found 78 percent support for having a “national manufacturing strategy,” …
You can lead a whore to culture
Last week, Fareed Zakaria — bless his anti-democracy Sinophilic soul — got a Cato flunkie to admit that 40% of Cato’s money his own research money came from the petroleum industry. This week, there’s a list of how much the various Think Tank ministers of propaganda make. Ed Feulner of Heritage makes almost a million …
Another Downside to Globalization
From the NYTimes, “Antibiotic-Resistant Bacteria Moving From South Asia to U.S.“: A dangerous new mutation that makes some bacteria resistant to almost all antibiotics has become increasingly common in India and Pakistan and is being found in patients in Britain and the United States who got medical care in those countries, according to new studies. …