For my latest commentary on the global economy slowdown and financial asset markets and prices falling, listen to my Alternative Visions radio show of last friday, November 16, 2018.
To Listen GO TO:
http://prn.fm/alternative-visions-glowing-economy-slowing-financial-prices-deflating/
Or GO TO:
http://alternativevisions.podbean.com
SHOW ANNOUNCEMENT
Dr. Rasmus provides a review of economies worldwide that are appearing to slow: Germany GDP contracts -.02%, Eurozone slows to 0.7% overall. Brexit and Italy may worsen, further slowing the UK and EU economies, likely driving the region into recession. Japan’s GDP retreats -1.2%, its fourth recession since 2013. China’s officially at 6.5% (actually closer to 5%), with housing and consumers spending slowing requiring yet another stimulus package. How the Fed and other major central central banks and monetary systems now subsidize the capitalist economies in the 21st century. And what’s driving the most recent decline in global oil prices–is is it supply or declining demand? Rasmus expands upon his view of ‘what’s financial imperialism?’, laid out first in his ‘Looting Greece’ 2016 book, previewing his forthcoming article on the topic for a publication in Turkey. Also, comments on the continuing faction fight within the US trade negotiations team on the China-US trade war–the Navarro-Lighthizer faction vs. the Mnuchin (bankers) and now Kudlow (US heartland ag). The show concludes with a review of falling financial asset prices globally—oil futures, stock and bond markets, commodity and foreign exchange markets, leading to what Rasmus calls the ‘debt-deflation-default’ nexus associated with financial crises. Emerging defaults at Sears, GE, Deutschebank and others in Europe, and in India. US government and nonfinancial corporate debt escalation as trouble spots, as well as trouble spots in junk bonds, BBB corporate bonds, and leveraged loans that are now intensifying.
Reblogged this on Taking Sides.