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Thursday, May 26, 2016

What kind of economy is it????

"A financial system that has stopped serving the real economy and now “serves mainly itself,” as Foroohar argues, is clearly a sickness. Perhaps a viral image would be more appropriate, as she considers the low-interest- rate, debt-fueled, consumerist atmosphere that keeps the economy chugging along. What kind of an economy is it when 70 per cent of output is consumer spending?"

Financial system serving self, not real economy, book finds: Wells

Makers and Takers looks at the gulf between Wall St. and Main St. and finds the gap is causing irreparable harm.

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