The global economy is still reeling from the Financial Crisis of 2008. The Crisis came out of nowhere and many economists never saw it coming. The New York Shock Exchange, a financial literacy program Ralph Baker started in 2006 for his 11 year old son and other boys his age, was actually blogging about the next recession. The Shock Exchange saw poor economic headwinds and the pending storm. Mr. Baker turned those findings into a book, Shock Exchange: How Inner-City Kids From Brooklyn Predicted the Great Recession and the Pain Ahead. However, the mainstream media, including the Financial Times, refuses to admit the Shock Exchange foretold the Crisis:
Why did economists fail so badly to predict the financial crisis? Read our @FT Rethinking Economics articles to find out https://t.co/Xau45OYSeF
— FT for Schools (@ft4s) March 23, 2018
Mr. Baker sent the Financial Times the book, yet the newspaper still refuses to publicly acknowledge the Shock Exchange. It just goes to show that ignoring or outright stealing the contributions of African Americans is not germane just to the U.S. The British media is just as fake and racist.
