Profits driving stocks a sign of danger
Rick Wolff: Upswing in stocks comes from profits due to cutbacks and concessions, worse is yet to come
The Real News Network‘s chief correspondent, Paul Jay, interviews Richard Wolff (U-Mass).
Richard D. Wolff is an Economist, Author, and Professor Emeritus of Economics at the University of Massachusetts, Amherst and New School University. He has also been a visiting professor at the University of Paris I (Sorbonne). He has authored or co-authored 10 books including The Economics of Colonialism, Bringing It All Back Home: Class, Gender and Power in the Modern Household, and Rethinking Marxism. His recent work has concentrated on analyzing the causes and alternative solutions to the current global economic crisis.