Joel Clarke Gibbons has worked in the investment business for nearly thirty years as a securities analyst, market strategist, and an independent trader. Previous to starting Logistic Research & Trading he was an investment strategist and head of government (bond) trading at the investment subsidiary of Harris Bank of Chicago. He holds two doctoral degrees: in mathematics from Northwestern University and in economics from the Booth School of Business of the University of Chicago. His critique of the American economy, titled Dysfunctions of the Welfare State (Transaction, 2010), is a view of ec