2009, 2010, 2011:
'No one saw this coming' – or did they? 30 Sept 2009
Co-director of the Center for Economic and Policy Research in Washington, DC.
Focused on the strategic prospects for the US, UK, and world economies, and the use of accounting macroeconomic models to reveal structural imbalances.
“Super Imperialism: The Economic Strategy of American Empire”
“Never before has a bankrupt nation dared insist that its bankruptcy become the foundation of world economic policy; that, because of its bankruptcy, all the nations want their economies transferring its bankruptcy to themselves, stultifying their industries, and paying tribute to the beggar.”
Jeez, this video sounds like the loss of union organizing, take over of the Executive, Legislative and Judicial branches of government, loss of family farms to agribusiness, and mom and pop stores to Wal-Mart, and foreclosures on home loans, and jobs going to cheaper labor markets, and growth of bubbles in housing and financial and banking markets, and the takeover of science and technology in education to be replaced by faith based Intelligent Design, and growing gap between rich and poor. At least we can still buy tulips at an affordable price!
The Contrary Market View
Steve Keen’s Debtwatch
“Bernanke doesn’t undertand the Great Depression
Jakob B. Madsen
Xiaokai Yang Professor of Business and Economics Interests are macroeconomics, economic growth, stock and house valuation, macro finance, the equity premium puzzle, the Great Depression, history of economic growth, behavioral finance, and applied economics.
J. K. Sorensen
“Crisis Economics: A Crash Course in the Future of Finance”
Seven unsustainable processes, plus one…
1. the fall in private saving into ever deeper negative territory;
2. the rise in the flow of net lending to the private sector;
3. the rise in the growth rate of the real money stock;
4. the rise in asset prices at a rate that far exceeds the growth of profits (or of GDP);
5. [the rise in the budget surplus;]
6. the rise in the current account deficit;
7. the increase in the United States’ net foreign indebtedness relative to GDP. (Godley 1999:2)
8. the shift in the distribution of income (Zezza, 2007; 2008)