Contraction and Electric Car Whimsy
Jul 16th, 2009 | By James Howard Kunstler | Category: Featured, Macro Economics
The cat coming out of the bag this week -- a frazzled, flaming, rabid, death-dealing cat -- is the news that Goldman Sachs will announce impressive second-quarter profits, and set aside $18 billion or so for employee bonuses averaging $600,000 per head (though, of course, not evenly distributed among them). ...read more
