Even as some insist that the global economy is in “secular stagnation,” the facts suggest that we may be entering the “worst” depression in history. The global markets have been on a slippery slope since the summer of 2007, and things have only been getting worse in 2016. The picture looks dismal, no matter which theoretical lens one uses. (This […]
The post Has the Crash of the Global Financial Markets Begun? appeared first on BSNEWS.
[audio mp3="https://www.corbettreport.com/mp3/flnwo32-lq.mp3"][/audio]The Big Short purports to tell the story of the housing bubble of the last decade and the subsequent global financial collapse...and it actually isn't as terrible as you might think. Join James on this week's edition of Film, Literature and the New World Order as we talk to Robert Wenzel of EconomicPolicyJournal.com about what The Big Short gets right and what it leaves out.
[audio mp3="http://www.corbettreport.com/mp3/2016-01-28%20Financial%20Survival.mp3"][/audio]James joins Alfred Adask for their weekly conversation on Financial Survival to discuss the latest financial and economic news from around the world, including the cashless society takeover, the QE unwind and the rise of the robots.
Whatever the exact figure may be, we’re talking serious money here, something in the neighborhood of a half trillion dollars per year. And it’s all being used for the sole purpose of jacking stock price so voracious CEOs and their shareholders can make a killing. Not one dime of this money is going into expanding operations, hiring more employees, Research and Development or improving productivity. The lone objective of this farce is to inflate stock prices to Hindenburg proportions in order to line the pockets of filthy-rich one percenters.
When the Dow Jones Industrial Average (DJIA) and S&P peaked in May 2015, investors were still confident that the Fed “had their back” and that any steep or prolonged downturn in stocks would be met with additional liquidity and a firm commitment to maintain zero rates as long as necessary. But now that the Fed has started its long-awaited rate-hike cycle, investors aren’t sure what to expect.
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I have to say this Rand Paul swipe at Ted Cruz is hilarious-- and I just couldn't resist sharing it. Disclaimer: DWT is not Cruz-country. But we have a sense of humor and love laughing along with our Republican friends. Rand:
Any encroachment on the Fed’s turf is viewed by Wall Street and the mainstream media with alarm. But to people struggling with mounting bills and crumbling infrastructure, the development has promising potential. The portal to the central bank’s stream of riches has been forced open, if just a crack. The trickle could one day become a flow, a mighty river of liquidity powering the engines of productivity of a vibrant economy.
In a landmark infrastructure bill passed in December, Congress finally penetrated the Fed’s “independence” by tapping its reserves and bank dividends for infrastructure funding.
The bill was a start. But some experts, including Congressional candidate Tim Canova, say Congress should go further and authorize funds to be issued for infrastructure directly.
In a landmark infrastructure bill passed in December, Congress finally penetrated the Fed’s “independence” by tapping its reserves and bank dividends for infrastructure funding. The bill was a start. But some experts, including Congressional candidate Tim Canova, say Congress should go further and authorize funds to be issued for infrastructure directly. For at least a […]
Why is the economy barely growing after seven years of zero rates and easy money? Why are wages and incomes sagging when stock and bond prices have gone through the roof? Why are stocks experiencing such extreme volatility when the Fed increased rates by a mere quarter of a percent?
The post The Chart That Explains Everything appeared first on BSNEWS.
