Capital Account -- 11/25/11
The Dow and S&P log their worst Thanksgiving week since 1932. Historically stocks have done well this time of year. Is the US stock market a turkey? For shoppers it's Black Friday. For those boycotting and protesting it, it's Occupy Black Friday. From pepper spray to staying in tents, the two movements have brought about some strikingly similar images. As for Black Friday, does it fuel corporate power and exploitation or fuel a sputtering economy driven by consumer spending? And looking beyond Black Friday, big picture can anything save US and Western economies from leadership failures? As European leaders race to save the Eurozone and US presidential candidates campaign for a chance to steer the economy, is everyone headed in the wrong direction?