Listen to my 27 minute radio interview explaining how the primary function of both central bank (Fed) monetary, and government tax cut (fiscal) policy in the USA today in the 21st century is more about subsidizing capital incomes than stimulating investment in real goods & services to create decent paying jobs. Why low rates and tax cuts produce big savings to corporations that are then redirected to financial markets (stocks, bonds, derivatives, etc.) to offshore emerging markets, or to corporate mergers & acquisitions. The result is growing income inequality in US as the rich get richer from financial asset bubbles and foreign investing, as interest rate cuts and tax cuts for corporations-investors-1% wealthiest households has resulted in corporations redistributing $1 trillion a year since 2011 to shareholders in stock buybacks and dividend payouts. ($1.3T in 2018; $1.5T 2019 projected). Check out the last 7 minutes of the interview for my explanation why monthly US job figures reflect mostly hiring of part time and temp second and third low paid service jobs (now totaling 49 million per bankrate.com and payscale.com surveys), as US workers work more jobs to make up for lack of wage gains on their primary employment.
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To Listen GO TO:
https://www.spreaker.com/user/radiosputnik/false-profits-a-weekly-look-at-wall-stre_62
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