Wall Street Capitalism: The Theory Of The Bondholding Class
by E. Ray Canterbery /
2000 / English / PDF
14.1 MB Download
Breaking the chains of the bond market...
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.
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.