Demowp

Tag: Stock

  • Rethinking America’s Financial Plumbing

    A Jan. 17 article on Quartz Markets by Catherine Baab reports that JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup and Bank of America returned nearly all of their 2025 profits to shareholders. Goldman Sachs returned $16.78 billion on $17.18 billion in earnings, meaning 97.7% of its earnings went to shareholders. Wells Fargo, Citigroup, JPMorgan, and Bank […]

  • Hell in a Very Small Place

    Hell in a Very Small Place

    Hell: the creditor of last resort Note: While I was writing this I thought about many things I experienced and read. Then as I was posting this the title of a book I read many years ago came to mind. Bernard Fall’s Hell in a Very Small Place. Fall was and remained a sympathizer with […]

  • Casino Capitalism and the Derivatives Market: Time for Another “Lehman Moment”?

    Reading the tea leaves for the 2024 economy is challenging. On January 5th, Treasury Secretary Janet Yellen said we have achieved a “soft landing,” with wages rising faster than prices in 2023. But critics are questioning the official figures, and prices are still high. Surveys show that consumers remain apprehensive. There are other concerns. On December 24, 2023, Catherine […]

  • “The Great Taking”: How They Can Own It All

    “’You’ll own nothing and be happy’? David Webb has gone through the 50-year history of all the legal constructs that have been put in place to technically enable that to happen.” [Oct 2 interview titled “The Great Taking: Who Really Owns Your Assets?”] The derivatives bubble has been estimated to exceed one quadrillion dollars (a […]

  • Another Look at the Financial Transactions Tax

    Another Look at the Financial Transactions Tax

    Photo by Mika Baumeister on Unsplash A small financial transactions tax could correct a number of maladies in our economic system, from the federal debt crisis to the widening wealth divide to the rampant financialization of the economy, while eliminating taxes on income and sales. The debt ceiling crisis has again brought into focus the […]

  • Squeezed by the Shorts: Time to Ban Short Selling?

    Short sellers have made a killing in the recent banking crisis, scalping $14.3 billion from bank stock owners just in March of this year. Short sellers “borrow” stock they don’t own and immediately sell it, driving the price down. Then they buy it back at the lower price, return the stock, and pocket the difference. […]

  • Give More Bite of the Apple to Charity

    Give More Bite of the Apple to Charity

    Here is a letter that Steve Clifford and I sent to the CEO Tim Cook of Apple corporation, whose percentage of charitable giving relative to its taxable income is astoundingly low as compared to other corporations noted below. Apple should increase its charitable giving. April 24, 2023 Tim Cook, CEO Apple, Inc. One Apple Park […]

  • Laying Bare the Adani Group

    There is nothing Gautam Adani will not do for money. In this sense, he is admirably dedicated to greed, so much so he has become its foremost caricature worthy of permanent enthronement. Mark this man’s name in the scriptures of eternity: There was nothing he did not do for the filthy lucre. For the unfamiliar […]

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