Capital Account: Europe's Bondholder Bawl as Black Friday Americans Brawl (11/25/11)

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The Dow and S&P log their worst Thanksgiving week since 1932. Historically stocks have done well this time of year. Is the US stock market a turkey? For shoppers it's Black Friday. For those boycotting and protesting it, it's Occupy Black Friday. From pepper spray to staying in tents, the two movements have brought about some strikingly similar images. As for Black Friday, does it fuel corporate power and exploitation or fuel a sputtering economy driven by consumer spending? And looking beyond Black Friday, big picture can anything save US and Western economies from leadership failures? As European leaders race to save the eurozone and US presidential candidates campaign for a chance to steer the economy, is everyone headed in the wrong direction?

Category:

News & Politics

Tags:

• Capital Account
• Lauren Lyster
• Demetri Kofinas
• Paul Craig Roberts
• Joe Weisenthal
• RTAmerica
• RT
• Markets
• Finance
• Economy
• DOW
• S&P
• Black Friday
• Occupy Black Friday
• Occupy Xmas
• Adbusters
• Occupy Wall Street
• Thanksgiving
• Turkey
• eurozone
• business insider
• Jim Rickards
• King World News
• Nouriel Roubini
• Twitter war
• currency war
• gold standard
• consumerism

[EDTHEWATERGUY]

I bought $3000 worth of silver this black friday. That's what I am giving to all my friends and family.

[xlamentx]

Joe Weisenthal is an idiot for his erroneous views on the gold standard. And buy a pair of nice dress shoes, those tennis shoes only show what a slob your are in your backwards economic thinking.

[MrTGolden]

Return to a gold standard rather begs an extreme form of monetarism whose effect would only serve to change the chant of the Occupy movement to: "We are the 99.9%." Simply put, the imperial monetarist system that today is bankrupting economies the world over would gain means to postpone its death were a gold standard implemented. Such policy institutionalized would provide an arbitrary means to continue asset stripping necessary to sustain the Ponzi scheme built up since 8/15/71.

[TorontoLibertarian]

Hard money is bad?

Wow, Joe Weisenthal is a fuckin retard.

[DoBrigh]

i have an idea. if labor rights were world-wide, and labor unions internationalized, then you could level the playing field and distribute jobs more evenly, and ease the pressure on the lowest payed.

[Mechyuda]

Australia can get away with tariffs, 'cuz Australia has a small population relative to its abundant natural resources. The continent of Australia can easily satisfy the needs of Australia's relatively small population or low net total consumption. Australia can export coal, iron, & other natural resources to easily get what it wants from other nations. Americans consume a lot more than what is available in America, thus America heavily depends on imports.

[Mechyuda]

Russia Today and its subsidiaries should stop interviewing Joe Weisenthal, because he doesn't offer interesting viewpoints.

[BellHuey72]

If human's are going to resort to pushing and shoving over some cheap imported goods, I'd hate to see what happens when the last loaves of bread are on the shelves.

[styzoom]

Great show Lauren & team.

[yetanotherworldview]

Hello Lauren,

thanks for answering my feedback on Van Rompuy.

I just wanted to clarify: I think there are enough reasons to bring this man to court for what he does. I am simply against attacks that have nothing to do with his job.

Florian