Now this is going to make Obama, Geithner and summers look really good.
You know how Reaganomics was all about the American way.
hard work
destroying unions
stagnant wages
crazy bankers stealing everything
companies building factories overseas
ALL that good stuff.
The one thing that made the US look good
was the image of the NY stock market going up.
Bubble-nomics looks real nice.
Anyway, socialism was equated with the axis of evil
and was equated with lack of freedom (to rip off the poor)
Turns out, that the more socialist your country is
the better your stock market has performed.
That makes Reagan, Bush, Clinton and Bush2 look bad.
However, Obama looks like a genius.
Because he's allowing the Chairsatan, Bernanke
to play politburo money guy for the banks.
Corporate socialism, ladies and gents.
They US has just been playing catch up with all
those lazy socialists and their booming stock markets.
It's working. QE1 & QE2 & HFT trading= one nice bubble
destroying unions
stagnant wages
crazy bankers stealing everything
companies building factories overseas
ALL that good stuff.
The one thing that made the US look good
was the image of the NY stock market going up.
Bubble-nomics looks real nice.
Anyway, socialism was equated with the axis of evil
and was equated with lack of freedom (to rip off the poor)
Turns out, that the more socialist your country is
the better your stock market has performed.
That makes Reagan, Bush, Clinton and Bush2 look bad.
However, Obama looks like a genius.
Because he's allowing the Chairsatan, Bernanke
to play politburo money guy for the banks.
Corporate socialism, ladies and gents.
They US has just been playing catch up with all
those lazy socialists and their booming stock markets.
It's working. QE1 & QE2 & HFT trading= one nice bubble
checkitout:
Stocks Of Socialized Countries Have Outperformed U.S. Since Reagan Era
Alex Wagner
American traders aren't likely to take kindly to the suggestion that big government might be good for the stock market. But data from a paper on the job- and income-growth of top earners shows that stock prices in some socialized countries, relative to themselves and adjusted for inflation, have done considerably better than those in the U.S over the last two and a half decades.
Specifically, during the twenty five years after Ronald Reagan took office -- a pro-market honeymoon that Ryan Chittum of the Columbia Journalism Review this week termed "the ascent of laissez-faire economic policies" -- French stock prices have performed significantly better than Americans ones, according to the report by Jon Bakija, Adam Cole, and Bradley Heim.
A further examination of the 39-year period extending from the end of the Nixon administration until 2008 shows the Swedish economy, known for its high taxes and heavy regulation, growing at a significantly higher rate than the US.
The authors conclude that big government might not actually stand in contradiction to a productive economy: "Countries with typically high levels of government involvement in the economy, such as Sweden, Denmark and Canada, do not appear to have experienced stifled economic growth relative to countries where government involvement is more limited, like the US," the report says.
With bastions of socialism -- Sweden Canada and France -- outpacing American market prices, does this mean it's time for Wall Streeters to start calling croissants "Freedom bagels?" Probably not.
Alex Wagner
American traders aren't likely to take kindly to the suggestion that big government might be good for the stock market. But data from a paper on the job- and income-growth of top earners shows that stock prices in some socialized countries, relative to themselves and adjusted for inflation, have done considerably better than those in the U.S over the last two and a half decades.
Specifically, during the twenty five years after Ronald Reagan took office -- a pro-market honeymoon that Ryan Chittum of the Columbia Journalism Review this week termed "the ascent of laissez-faire economic policies" -- French stock prices have performed significantly better than Americans ones, according to the report by Jon Bakija, Adam Cole, and Bradley Heim.
A further examination of the 39-year period extending from the end of the Nixon administration until 2008 shows the Swedish economy, known for its high taxes and heavy regulation, growing at a significantly higher rate than the US.
The authors conclude that big government might not actually stand in contradiction to a productive economy: "Countries with typically high levels of government involvement in the economy, such as Sweden, Denmark and Canada, do not appear to have experienced stifled economic growth relative to countries where government involvement is more limited, like the US," the report says.
With bastions of socialism -- Sweden Canada and France -- outpacing American market prices, does this mean it's time for Wall Streeters to start calling croissants "Freedom bagels?" Probably not.
