In the first hour, Joe Meyer, arbitrator and mediator for the NASD and NYSE and publisher of "Straight Money Analysis", provided an update on the current (and future) economic meltdown. He believes the rally in the stock market will end and that we are destined for another market crash. He predicted a second wave of home mortgage defaults when rates reset in 2010 and 2011. He believes the next bubble to burst is commercial real estate. This will lead to more bank defaults and further job losses. Meyer pointed out that 10 states have unemployment rates of 16-17%. He suggested setting up programs to put people to work in the public works sector, and what is required to take stock of the economic crisis and move forward.
Barbara Ehrenreich, best selling author of "Nickel and Dimed" and "Bright Sided", discussed the downside of optimism and how it contributes to the economic collapse and creates a culture of denial.
In the final hour, Cory Yberra discussed "Building for Generations", a worldwide movement for social justice for persons who have been marginalized.
In the first hour, Joe Meyer, arbitrator and mediator for the NASD and NYSE and publisher of "Straight Money Analysis", provided an update on the current (and future) economic meltdown. He believes the rally in the stock market will end and that we are destined for another market crash. He predicted a second wave of home mortgage defaults when rates reset in 2010 and 2011. He believes the next bubble to burst is commercial real estate. This will lead to more bank defaults and further job losses. Meyer pointed out that 10 states have unemployment rates of 16-17%. He suggested setting up programs to put people to work in the public works sector, and what is required to take stock of the economic crisis and move forward.
Barbara Ehrenreich, best selling author of "Nickel and Dimed" and "Bright Sided", discussed the downside of optimism and how it contributes to the economic collapse and creates a culture of denial.
In the final hour, Cory Yberra discussed "Building for Generations", a worldwide movement for social justice for persons who have been marginalized.
![<?php echo $config['site_title']; ?>](/static/images/rp-navimg.gif)
![Support the <?php echo $config['site_title']; ?>](/static/images/support.png)
