• When prices go up two processes will set in - an increased production and a decreased consumption. The effect will be a gradual fall in prices. If prices get too low two processes will set in - decreased production because a man will not continue to produce at a loss and, second, increased consumption. These two forces will tend to establish the normal balance.  Ten years later I became rich by remembering those words.~Bernard BaruchTweet

Black Friday Day

Black Friday Day

Black Friday, in reality, is a symptom of the plight that 30 years of Reaganomics has brought to working people in America. Right along with the frenzied rise of shoppers willing to fight each other at retail outlets across America, we’ve been steadily, for the last 30 years, watching the destruction of organized labor … of decent pay and wages and conditions for working people… We have Black Friday today because the wealthy elite have … Continue reading

FTSE 100 loses more than £60bn

FTSE 100 loses more than £60bn

London index and Germany’s Dax fall sharply as global markets reel from worst day in Shanghai and Hong Kong since 2007

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