Listen to the podcast on the Alternative Visions radio show, for Jack Rasmus summary of his just released book, Systemic Fragility in the Global Economy’. In part one of the review on the 12-11-15 show, Jack discusses the 9 major trends in the global economy that are leading to another economic crisis, now that the brief recoveries post-2009 in China and emerging markets is over (the ‘dead cat bounce’). A brief overview of last week’s major economic trends is presented in the first half of the radio show; Part One follows.
To listen to this show go to:
http://prn.fm/category/archives/alternative-visions/
or
http://www.alternativevisions.podbean.com
SHOW ANNOUNCEMENT
Jack takes a look at the key economic developments of the past week, and then provides the first of a several part analysis this month of the global economy explaining why it is becoming more unstable, both financially and economically—i.e. more ‘systemically fragile’. The analysis of the global economy is based on his just released new book, ‘Systemic Fragility in the Global Economy’ by Clarity Press. (see Jack’s blog, jackrasmus.com, where and how to order). Part 1 on today’s show identifies nine major anomalies that have appeared in the global economy today that mainstream economists can’t or don’t answer—which the new book attempts to explain. Jack reviews chapters 1 and 2, on the topic of the ‘dead cat bounce’ temporary recovery that began 2010-2013 in China and emerging market economies, which has been in decline once again since 2014. Stagnation in Europe and Japan, slow growth in the US, and ‘hard landings’ coming in China and emerging markets are now the prospect, after the ‘dead cat’ global economy has had its bounce. The ‘week in review’ commentary on the show addresses the renewed global oil price decline, junk bond fund defaults, China’s Yuan as global currency, Japan’s falsified GDP revisions, Yahoo’s effort to avoid paying $10 billion in US taxes, and the US Senate’s posturing about pharmaceutical drug company price rip-offs.
Listeners interested in enrolling in an online 8-week course starting in January on Jack’s new book, provided by the progressive-left ‘World Institute for Social Change’ (WISC) ‘Z School’, should check out the WISC website at:https://zcomm.org/zschool/moodle/ for more information. Free copies of the first two chapters of the book are available at the site.
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