To stimulate the economy, create new jobs and generate new GDP requires an injection of new money. Borrowing from the bond markets or off-balance-sheet in public/private partnerships won’t do it. If Congress won’t issue money directly, it should borrow from banks, which create money on their books when they make loans. The Trump agenda, it seems, is not set in …
Alternative Visions – Italy Referendum, Italy-EU Bank Crisis, and Europe Unraveling’- 12.02.16
Italy Referendum, Italy-EU Bank Crisis, and Europe Unraveling’
JACK RASMUS – The Next Global Financial Fault Line
Global Equity Markets In the past year the stock markets in China erupted, contracting by nearly 50% in just three months, after having risen in the preceding year by 130%–truly a ‘bubble event’. That collapse, commencing in June 2015, continues despite efforts to stabilize it. Chinese bankers then injected directly $400 billion to stem the decline. Including other government and …
Ariel Noyola Rodríguez – Where will the Next Global Economic Crisis Explode? Colossal Stock Market Losses in 2016
The year 2016 has hardly begun and the losses in different stock markets around the world care colossal: nearly 8 trillion US dollars during the first three weeks of January according to the calculations of the Bank of America Merrill Lynch. The Government of the United States made addicts of investment banks of policies of cheap credit. And now that …
Mike Whitney – Could This be “The Big One”?
Everyone take a deep breath. This isn’t 2007 again. The banks aren’t loaded with $10 trillion in “toxic” mortgage-backed securities, the housing market hasn’t fallen off a cliff wiping out $8 trillion in home equity, and the world is not on the brink of another excruciating financial meltdown. The reason the markets have been gyrating so furiously for the last couple weeks is because stocks …
David Lindorff – What’s Behind the Fed’s Decision to Raise Interest Rates in a Struggling Economy?
Much has been written and broadcast over the past few weeks in the financial media and the business pages of general-interest newspapers debating the wisdom of the decision in December by Fed Chair Janet Yellen and the Federal Reserve Board to raise interest rates for the first time in almost a decade. On one side of this debate are people …
Larry Elliott – 2016 will be a year of living dangerously for the global economy
Economic forecasting is a mug’s game. One thing that has been learned from the financial crisis and Great Recession is that even those equipped with the most sophisticated models get it wrong, sometimes spectacularly. So it is with both humility and trepidation that I will try to fulfil a promise made last week and make predictions for what is going …
Joshua Krause – China and Japan Just Dumped Billions of Dollars
Over the past few years the dollar has staged an impressive comeback. Not because there’s anything fundamentally good about this currency’s future prospects, but because for the interim, most of the economies in world aren’t doing so hot. For a lot of investors, it is the lesser of many evils in the short term, so they view the dollar as …
Economic Update – Big vs Small Business – 11.22.15
Updates on Japan’s Recession, half of New York City economically in trouble, ACA deductibles undermine affordability, Million student March, another crooked capitalist. Response to listeners on private vs public enterprises. Major topics: small vs big business and big ideas not being discussed in campaigns.
Fed Quietly Revises Total US Debt From 330% To 350% Of GDP, After “Discovering” Another $2.7 Trillion In Debt
Everyone has seen the chart of “Total Credit Market Instruments“, which as of its most recent update on March 31, 2015, was just over $59 trillion, or 330% of US GDP. For those who have not seen it, as well as for those who are familiar with this chart, take a long look, because this is the last update of …