No Joy on Wall Street as Biggest Banks Earn $63 Billion – Bloomberg

 

Bottom of Wall Street from FDR

Bottom of Wall Street from FDR (Photo credit: SheepGuardingLlama)

 

This is an interesting story reported by Bloomburg. Check it out!

 

No Joy on Wall Street as Biggest Banks Earn $63 Billion – Bloomberg.

 

It’s hard to understand why the banks are doing so well whilst the rest of society is still suffering from their errors.

 

Any thoughts?

 

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Britain’s Paul Ryan – Paul Krugman NYTimes.com

 

LONDON - OCTOBER 20:  Britain's Chancellor of ...

LONDON – OCTOBER 20: Britain’s Chancellor of the Exchequer George Osborne, right, with Chief Financial Secretary to the Treasur Danny Alexander leaves the Treasury building for the House Of Commons on October 20, 2010 in central London, England. Chancellor of the Exchequer George Osborne is set to announce the coalition government’s spending review in Parliament. The review is designed to tackle the country’s deficit and will outline swingeing cuts throughout the whole of the public sector with many public sector jobs set to be axed and budgets significantly reduced. (Image credit: Getty Images via @daylife)

Check out this blog from Paul Krugman, the liberal, Nobel winning economist, writing in his NYT blog.

Britain’s Paul Ryan – NYTimes.com.

Personally, I agree with Paul Krugman, that George Osborne‘s policies have been inappropriate  – there is an overwhelming case to stimulate demand in the UK.

What do you think?

 

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