Alternative Visions - Jobs Down, Stimulus Stalled & Bubbles Up
: Dr. Rasmus reviews the three main developments of the past week: today’s jobs report showing economy not creating sufficient jobs, the Biden fiscal aid stimulus bill stalled in Congress, and financial asset bubbles continuing to grow, including the financial speculators’ internecine war over Gamestop and other assets. What’s in the Labor Dept. jobs report that shows job situation even worse than the headline of 49,000 jobs created in January? What’s behind the Biden-Dems effort to push for the $1.9t stimulus ‘American Rescue Plan’ and why is unconomist, Larry Summers, again trying to get the Dems to spend less (as he did in 2009)? Finally, why are bubbles in stocks once again growing and analysts predicting a 15% market correction coming?
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