Below you'll find a list of all posts that have been tagged as “Janet Yellen”
Dr. Rasmus debunks the media hype about wages now rising, showing how in fact real weekly earnings for non-management workers (both full and part time) over the past year amounts to only 6 cents to 8 cents per hour, based even on government Dept. of Labor data. And the trend is downward, as wage(hourly wage x hours worked) earnings change …
Updates on Economic Threats: Corbyn vs Morgan Stanley, cars for super-rich, information vs profit, Fed chair Powell’s over-reach, why regulations are never enough, and corporate criminality. Interview with David Jette about public vs private banking. Download this episode (right click and save)
Life is great for ex-President Barack Obama. Fresh from an extended vacation, he’s adjusting well to his new life as a recently minted, self-branded multimillionaire entrepreneur, and wife Michelle is racking up multimillion-dollar contracts and high-paying engagements of her own. A top priority now, Obama says, is getting the Barack Obama Presidential Center built on Chicago’s South Side, and raising …
Who runs and controls the Federal Reserve and what is its ultimate goal James Corbett is the founder and editor of the Corbett Report, a website he started in 2007 to provide critical analysis on politics, society, economics and history. He has written, recorded and hosted 1000s of hours of audio and video which has brought him to the attention of major independent media …
The Fed and other central bank leaders gathering at Jackson Hole Wyoming today express concern for financial instability. Fed chair, Janet Yellen, warns of the Trump administration’s current fast tracking of financial deregulation, driven by the Goldman Sachs-driven US Treasury Secretary, Steve Mnuchin. Dr. Rasmus explains how shadow bankers, like Goldman Sachs, now have almost complete dominance over Trump economic …
The next financial crisis on the horizon and the role of the Central Banks in bringing it about Dr. Jack Rasmus is a professor of political economics at St. Mary’s College and Santa Clara University in California. Prior to teaching, he was an economic analyst for several global corporations and an organizer, negotiator and business representative for several labor unions. At one …
Dr. Rasmus initially comments on the continuing slowdown of prices and the Federal Reserve’s 9 year long phony targeting of 2% inflation. Rasmus reviews his just published article in the European Financial Review, “The Limits of Central Banks’ Emerging Policy Shift” (available on his blog, jackrasmus.com) and what’s next after the Fed’s Jackson Hole gathering in late August. Next a comment …
Dr. Rasmus continues the review of the Federal Reserve Bank, showing how the private banks today control the Fed more than ever in recent decades. How the Fed’s structure permits private banking interests to dominate strategic decisions of the central bank, and how there control of the Fed is about to deepen further under Trump. Jack explains how the expansion …
Dr. Rasmus reviews the Federal Reserve’s interest rate hike decision this past week, showing how the Fed’s justifications for the rate hike based on ‘data’ are contradictory. How the data show no hike was justified. Rasmus explains how the Fed has been manipulating reporting the data on prices, unemployment and wages in order to justify 8 years of zero rate …
The US stock markets are recognized by a growing number of analysts as approaching, or already in, bubble territory. Yet stocks have ratcheted up another 15%-20% since Trump won the election. The run-up is sometimes called the ‘Trump Trade’. Investors have been ploughing in even more anticipating another stage of corporate profits subsidization by Trump and Republican fiscal policies—Trump proposed $6.2 trillion in tax cuts, deregulation (Obamacare, Dodd-Frank, EPA, Mergers & Acquisitions encouragement, etc.), shifting hundreds of billions $ from social programs to defense spending, and $1 trillion in Trump proposed infrastructure spending. Jack explains how expectations of the policy shift to fiscal from central bank, monetary policies from 2008-2016, is now the new strategy for subsidizing corporate profits and investor further wealth gains. Central bank monetary policy had run its course and began to develop contradictions. Fiscal policy—tax cuts, deregulation, infrastructure and defense spending—is the new strategy. US stocks surged in anticipation of the new profit opportunities. But signs Trump may not deliver have stopped investors in their tracks this past week. Failure to deliver policy may result in a major stock pullback in 2017. Jack cites various sources that the current stock market bubble has peaked.
