Roberts - Myth runs into reality

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Roberts - Myth runs into reality

“Trump’s honeymoon is over,” headlines the Washington Post. “At Testy Town Halls, Republicans Take Heat for Trump’s Bold Moves,” reports the Wall Street Journal. Certainly, the president’s honeymoon is not over with his loyal supporters.

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A Right-Libertarian Myth Meets Reality

A report submitted to the EU in September, as interpreted by Michael Roberts, casts considerable doubt on the standard right-libertarian party line regarding investment.  The standard right-libertarian talking point is that labor is dependent on investment, that investment — in the form either of credit or equity — comes from previous capital accumulation, and that profit and interest are the rewards for the use of that money, the capitalist’s a…

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Some indicators that analysts monitor reflect some overvaluation of shares on Wall Street. Major investment banks are cautious and moderate forecasts. More and more specialists talk about the end of the honeymoon cycle.