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  • Nikkei, Dow 4000, 401K and Small Government

    Nikkei average went up to about 39,000 in December 1989, but after the crash it hovered around 15,000 during the lost decade of 1990s. In the last several years it has hovered around 10,000. Several economists, including Nobel Prize winner Paul Krugman, are fearing a similar lost decade for the U.S. economy, too, which would […]


    4/25/11 • (Comments Off on Nikkei, Dow 4000, 401K and Small Government)

  • Krugman’s Third Depression or Collapse like 1990s Russia?

    Susmit Kumar, Ph.D. According to Paul Krugman, the economy is in the early stages of a third depression and it will probably look more like the Long Depression of the 19th Century that followed the Panic of 1873 than the much more severe 1930’s Great Depression. According to him, the cost – to the world […]


    9/08/10 • (Comments Off on Krugman’s Third Depression or Collapse like 1990s Russia?)

  • Casino Capitalism and Collapse of the American Economy

    By Susmit Kumar, Ph.D. ABSTRACT With the advent of internet technology and subsequent integration of national and global economies in the last couple of decades, brilliant brains have devised methods to generate money for millionaires and billionaires by moving money from one place to another any place in the world by the click of a […]


    10/03/09 • (Comments Off on Casino Capitalism and Collapse of the American Economy)