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Lack of Trust – Caused by Institutional Corruption – Is Killing the Economy The signs are everywhere: Americans have lost trust in our institutions. 

By: capt_nemo in ROUND | Recommend this post (1)
Sat, 05 May 12 5:50 PM | 76 view(s)
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The Chicago Booth/Kellogg School Financial Trust Index published yesterday shows that only 22% of Americans trust the nation’s financial system.

Robert Shiller said Monday:

Our whole economy has been affected by variations in confidence. Central banks are sort of trusted, but the actions they have often affect people’s confidence by appearance rather than substance. We’re not in the most trusting mood now.”

The National Journal noted last week:

http://www.ritholtz.com/blog/2012/05/people-are-losing-trust-in-all-institutions/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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