If you didn’t see it, Bill Moyers’ recent encore interview with Nobel Laureate Joseph Stiglitz is genuinely worthy of close study because it gets to the core questions which we discuss here. “How Tax Reform can Save the Middle Class.”
But can it? Specifically, are we ignoring some of the hard realities of economics because of deep-seated socioeconomic delusions? Has a critical tipping-point been passed?
Of course he doesn’t get that direct, but his remarks certainly guide our thinking in that direction. We’ll consider some of what Stiglitz says (good) but point out the major shortcoming (bad). After coffee and headlines. No flash goggles required. And that get’s us to our lead item impacting markets; again flawlessly predicted by our Trading Model.