Dr. Rasmus reviews the current state of the global economy, discussing sectors where it’s slowing and growing financially more fragile. Quotes from JM Morgan, Forbes, Moody’s, Merrill Lynch surveys, IMF, and even other mainstream economists all predict a global recession coming 2020. Rasmus explains why it may be sooner, in late 2019. In Europe, the factors of Brexit, Italy, Euro banks weakness, ECB policy and US-Euro trade suggest a weakening further beyond a Euro slowdown already in progress. Emerging markets problems with currency decline, capital flight, and central bank rate hikes are not going away and portend spreading and deepening recessions. The IMF’s EME bailout problem. A review of China and So. Korea efforts to re-stimulate their economies. China’s recent 6.5% GDP and problems with 30% stock market contraction underway as property and asset markets’ prices fall. China’s further problems with $6T in business debt, its trade dispute with US impact, slowing real investment as it crackdowns on shadow banks and speculators. China’s recent monetary stimulus and coming fiscal stimulus via tax cuts. Rasmus concludes with an early view of US GDP, being driven mostly by defense spending under Trump; how tax cuts aren’t ‘paying for themselves’; and a quick listing of weak sectors of US economy about to grow weaker. (Next week: ‘The Limits of Liberal Art in the Age of Trump’—plays, films, and celebrity lectures).
Alternative Visions - Global Central Banks, Stock Markets & Big Pharma
Alternative Visions - Is Deutschebank the Next Lehman Brothers? + SCOTUS Gerrymandering & Census Decisions
Alternative Visions - Billionaires’ Kids Call For Tax Hikes as Trump Proposes More Tax Cuts for Wealthy
Alternative Visions - US & EU Economies Flat As Central Bankers To Re-Open the Free Money Spigot
Alternative Visions - Price Instability, NY Rent Control Fight, and Escalating US Deficits & Debt
Alternative Visions - Global Economy Closer to the Brink
Alternative Visions - US v. China: From Trade War to Economic War
Alternative Visions - Russiagate-Watergate Compared + Trade War Fallout
Alternative Visions - Us-China Trade War: Hiatus or Blow-Up?
Alternative Visions - How Accurate Are the April Jobs Numbers?
Alternative Visions - US GDP Latest Release + Preview of New Book ‘The Scourge of Neoliberalism’
Alternative Visions - Capitalists Raise ‘Red Flag’ of Inequality
Alternative Visions - Trump Whacks the Middle Class
Alternative Visions - US & Global Economy Fact-Check & Trump Attacks on Fed
Alternative Visions - Global Bond Markets Flashing ‘Recession Red’
Alternative Visions - Trump’s $34 Trillion Deficit & Debt Bomb
Alternative Visions - Bernie Sanders Runs Again. What’s the LCCIP Alternative?
Alternative Visions - US Neocons: ‘They’rree…Back!’ + Initial Analysis of US 4Q GDP 2018
Alternative Visions - Financial Imperialism—the Case of Venezuela
Alternative Visions - Predictions & Forecasts: US and Global Economies
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