Recession? It's The 'buisness Cycle' Stupid

“The uncertainty about corporate earnings growth in 2008 has risen, not only in the financial sector,” said Matthias Schellenberg, managing director at ING Investment Management. “The markets are expecting a flood of profit warnings in the next few months.” We have been living with the ‘boom and bust’ cycle of capitalism for centuries and whilst it’s true that that the ‘boom and bust’ cycle is intrinsic to capitalism, MSM ‘explanations’ for its causes are laughable. Take for example the BBC’s Q&A Webpage where we read under the heading ‘What can stop the falls [in the value of shares]?’ ‘That’s a tricky one.’ In other words, nothing can be done about it, followed by a series of anodyne ‘answers’ to the question which reveal two things about corporate media coverage of capitalist economics: http://www.creative-i.info/?p=198

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