Wall Street Capitalism: The Theory Of The Bondholding Class

Wall Street Capitalism: The Theory Of The Bondholding Class

By: E. Ray Canterbery (author)Paperback

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Breaking the chains of the bond market...This book goes behind the headlines of the Wall Street Journal to unmask the ';bondholding class';. Insulated from criticism by a self-serving ideology, the bondholders have redefined the indicators of economic well-being decidedly in Wall Street's favor. Created out of the fiscal folly of Reaganomics, fortified by Federal Reserve officials, and patronized by the Clinton Administration, the bondholding class invented the ';Goldilocks economy'; (never too hot, never too cold). As this powerful class has amassed the greatest wealth in history, ordinary Americans have been losing ground to the ensuing global financial turbulence. In a tour de force, Ray Canterbery shows how the evaporation of personal savings - ';the Angels share'; - is as necessary to Wall Street capitalism as it is damaging to growth and wages on Main Street.

Product Details

  • ISBN13: 9789810238513
  • Format: Paperback
  • Number Of Pages: 340
  • ID: 9789810238513
  • ISBN10: 9810238517

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