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Alternative Visions – Price Instability, NY Rent Control Fight, and Escalating US Deficits & Debt

Dr. Rasmus challenges the mainstream economic theory that prices serve to stabilize the economy. How financial asset prices, oil prices, bonds, etc. are now driving price volatility that leads to more general economic instability and recessions. Prices for financial assets are the main driver of goods prices, wages (labor prices), interest rates (money prices), commodities, etc.  How global oil deflation, …

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Alternative Visions – Global Economy Closer to the Brink

New US job numbers show big decline to only 75,000 in May. Is the ‘Lagging’ indicator of jobs now catching up with rest of slowing US economy? What’s behind Trump’s threat of new tariffs on Mexico? (Not about trade but election 2020 and Trump raising money for his wall). Who pays? Consumers and workers.  Why are global oil prices retreating …

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Alternative Visions – US v. China: From Trade War to Economic War

Dr. Rasmus reviews events of the past week by Trump and China that show increasing evidence the ‘trade war’ is now morphing into a more general ‘economic war’ after the breakdown of negotiations earlier this month. The measures beyond tariff actions taken up by the US are reviewed, including choking off money capital flows, sanctions on both US and China …

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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 …