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Alternative Visions – Russiagate-Watergate Compared + Trade War Fallout

Rasmus discusses events since the collapse of US-China trade deal a week ago. Who reneged on the deal? China or US? China & Trump responses of past week. (read jackrasmus.com blog piece: ‘US-China Trade War: Hiatus or Busted Deal?’)Review of Trump’s latest ‘job killer’ immigration proposals and US economy continuing softening per latest data on retail sales-industrial production collapse in April. Second …

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Alternative Visions – Us-China Trade War: Hiatus or Blow-Up?

In the introduction, Dr. Rasmus provides final comments on the reliability of US stats (jobs, GDP, wages) affecting part time, discouraged workers, temp jobs, multiple job holders, labor force drop out, disability and census workers, as well as the main data points of full time and u-3 unemployed. (see jackrasmus.com blog for print version of the discussion). The remainder of today’s show …

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Alternative Visions – How Accurate Are the April Jobs Numbers?

Dr. Rasmus dissects the latest jobs numbers released today showing 263,000 new jobs created and a 3.6% unemployment rate.  Looking behind the assumptions and comparing both jobs surveys—the Current Establishment Survey (CES) & Current Population Survey(CPS)—a different picture of the US labor market appears. First, the 263,000 new jobs indicated by the CES includes 155,000 part time jobs from the …

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Alternative Visions – Capitalists Raise ‘Red Flag’ of Inequality

Two of the most wealthy and notable big capitalists, Ray Dalio of Bridgewater Associates (world’s largest hedge fund) and Jamie Dimon, CEO of largest US commercial bank, JP Morgan Chase, recently warned publicly that growing income inequality was driving political instability and could make the next recession or financial crisis very much worse than 2008-09.  Dalio’s recent essays on LinkedIn …

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Alternative Visions – Trump Whacks the Middle Class

As Federal tax deadlines near on April 15 it’s becoming increasingly clear the middle class is paying more, not less, under the Trump 2018 tax cuts. Of the roughly 170 million tax households, news is now appearing that tens of thousands fewer are not getting refunds this year and 80% say they’re paying more, per polls. Rasmus explains in detail …

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Alternative Visions – US & Global Economy Fact-Check & Trump Attacks on Fed

Debunking Trump’s latest claim that the ‘US Economy is Roaring’. Facts about trends in US consumer spending, retail sales, manufacturing and wages per latest data. Rasmus then discusses what’s behind Trump’s continuing and escalating attack on the Federal Reserve and his growing demands that the Fed starts reducing interest rates (now that Trump has bullied Fed chair Powell into halting …

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Alternative Visions – Global Bond Markets Flashing ‘Recession Red’

Rasmus explains how more yield curves have begun flashing warning of imminent recession, resulting in investors and businesses rushing into bonds everywhere as harbinger of recessions on the near horizon. How the latest yield curve for 3 m o. v. 10 year Treasuries has inverted and the Fed interest rate on overnight loans is now the same as the 10 …

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Alternative Visions – Trump’s $34 Trillion Deficit & Debt Bomb

In the second half hour, Dr. Rasmus explains how Trump’s economy ensures trillion dollar deficits for the next decade, and how even official sources are projecting US debt to rise from current $22.5 trillion to more than $34 trillion by 2028, resulting in an annual interest payment on the debt of $900 billion. Rasmus shows how total US debt—including state …

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Alternative Visions – Bernie Sanders Runs Again. What’s the LCCIP Alternative?

Dr. Rasmus welcomes guest, Nick Brana, to discuss Sanders’ announcement to run again for president and the legacy of Democratic Party’s leadership to prevent independent progressive candidates like Sanders. Former National Political Outreach Coordinator for Sanders’ 2016 campaign, and 1stElectoral Manager for the ‘Our Revolution’ post-2016 spinoff movement of Sanders’ staffers and supporters, Brana discusses the August 2018 ‘reforms’ by …