||Why do bond prices fall
as interest rates rise? The arithmetic of pricing debts.
||Powering the U.S. boom - $1.3 trillion
in new foreign debt in the Clinton years. Watch black ink turn
||A definition of this measure of
income (in)equality, and its course over the last 40 years in
||For the article from LBO
||One explanation for the great bull
market: instead of re-investing profits, firms are pumping them
into shareholders' pockets.
language of money
||What all those terms (like M1 and
fed funds) used on LBO's
money page mean - and an overview of how the Federal Reserve
and other central banks work.
up the millennium
||Talk by Doug Henwood at the conference
"On Pain Of Extinction: Marx at the Millennium," University
of Florida, Department of English, March 1999. MS Word 95/6.0
||For the article "Producing
poverty" in LBO #89.
|Speculation & interest rates
||The relations between
interest rates and speculation. Why plungers love lower rates
and hate higher ones.
|Wall Street: Class Racket
||Doug Henwood's talk at the Brecht
Forum, New York, June 25, 1997. Televised by C-SPAN, June 30
and July 1, 1997. Based in part on his book, Wall Street.
||Bosses, their pundits, and their
politicians have lots of workers convinced that welfare receipients
are their enemy, even though real wages have fallen along with
real benefits. Not surprising, since welfare is a floor under