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Entries by Ann Pettifor from 02/2009

From the Black Hole of Davos, Rays of Light Shine Through

| Posted 02.01.2009 | Business

As the newspapers have faithfully recorded, the Davos sessions have provided little in the way of strategic direction out of this black hole. Instead there have been lots of rather hapless suggestions.

It's Japan Again, Stupid

| Posted 02.04.2009 | Business

The problem is not the fiscal stimulus. It is not pork barrel politics. It is not the banks. Nor is it the bankers. It's not even the debt. It's the cost of debt. And it's just like Japan, 1990-2009.

Blaming the Victims: Heroic American Consumers

| Posted 02.09.2009 | Business

High levels of debt and consumption were not the result of millions of individual decisions by consumers. They were the result of a deliberate economic 'regime change' in the 1970s.

Wall Street: Get Their Claws Out of the Real Economy

| Posted 02.11.2009 | Business

The Treasury seems in danger of pandering to the Wall Street beast, rather than protecting the vulnerable -- those companies where real wealth is created.

The Fiscal Stimulus Will Pay For Itself

| Posted 02.15.2009 | Business

It is simply wrong to suggest that the fiscal stimulus "will cripple us long-term." It will not. The fiscal stimulus will pay for itself -- here's how.

The President Must Heed Lincoln and Ignore Economists

| Posted 02.20.2009 | Business

We must once again make money work for the people.

While the Economy Tanks, the President's Team Dawdles

| Posted 02.28.2009 | Business

The stock market knows what Treasury still needs to admit: the banks are bust. Their CEOs lack all credibility. Until they are nationalized the Dow will continue its very rational path downwards.