E Ray Canterbery – Wall Street Capitalism

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Breaking free from the bonds market…

This book digs below the headlines of the Wall Street Journal to identify the “bondholding class”. Bondholders have redefined indices of economic well-being in favor of Wall Street, shielded from criticism by a self-serving ideology. The bondholding class developed the “Goldilocks economy” out of the budgetary foolishness of Reaganomics, supported by Federal Reserve officials, and patronized by the Clinton Administration (never too hot, never too cold). Ordinary Americans have been losing ground to the subsequent global financial crisis as this privileged class has collected the highest riches in history. Ray Canterbery’s feat of force demonstrates how the evaporation of personal savings — “the Angels share” — is as important to Wall Street capitalism as it is harmful to Main Street development and wages.

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