The bad news, for those invested in the capitalist system, is relentlessly bad. Happily for the rest of us, there is an alternative to capitalism and communism, and that is free markets. HSBC, the best bank in the world, notes the policy makers have no more means, we've hit that irrational end:
There is, as explained below, and option. To me this is all good news. Small business will make a comeback, no matter what.
Start your own business. If you have no resources, no skills, no money, no product or contacts, well, that is how everyone who thrives starts, and when it gets going, it is clear to you it is your business you started.
I teach that, and next week I have an online class on exporting food. Sign up here....http://seattleteacherscollege.net/exfoassmbu.html Be part of the solution, as they say on the airplanes, put on your own oxygen mask first.
Feel free to forward this by email to three of your friends.
Whereas previous recoveries have enabled monetary and fiscal policymakers to replenish their ammunition, this recovery — both in the US and elsewhere — has been distinguished by a persistent munitions shortage. This is a major problem. In all recessions since the 1970s, the US Fed funds rate has fallen by a minimum of 5 percentage points. That kind of traditional stimulus is now completely ruled out.
There is, as explained below, and option. To me this is all good news. Small business will make a comeback, no matter what.
Start your own business. If you have no resources, no skills, no money, no product or contacts, well, that is how everyone who thrives starts, and when it gets going, it is clear to you it is your business you started.
I teach that, and next week I have an online class on exporting food. Sign up here....http://seattleteacherscollege.net/exfoassmbu.html Be part of the solution, as they say on the airplanes, put on your own oxygen mask first.
Feel free to forward this by email to three of your friends.
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