The reports of store closing and firings from the Macy's Department chain underlie the hard crashing of the economy. With the liquidation of Circuit City, the empty store fronts are definitely reaching into the Bronx, and Manhattan and hitting commercial real estate. When will Obama finally break with consensus politics and declare that the whole system is bankrupt? Then he can have the Treasury Department issue new credit and begin to put America back to work. Of course, that also means a New Bretton Woods and the agreement for ending speculation from the USA, China, India and Russia, as a seed-crystal for the new monetary system.
Tuesday, February 3
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment