Violent moves in bonds have hammered investors and renewed fears of an impending recession, as well as concerns about housing, banks and the U.S. deficit.
“Does there have to be any pain for rich Americans, like yourself, or companies like Goldman Sachs?” we didn’t ask but should have.
“What? Of course not. That’s not how we’ve rigged things to work,” she would have responded if she were capable of honesty.
All of the owner-class and their supportive media are telling us how much pain the rest of us are going to have to go through because their cost to borrow capital is going up. And it sounds more and more like a threat every time they do.
All of the owner-class and their supportive media are telling us how much pain the rest of us are going to have to go through because their cost to borrow capital is going up. And it sounds more and more like a threat every time they do.
The rich wont feel pain unless the rest of us bring it to them.