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Alternative Visions – Trump’s Other Wall

Trump brags about the ‘Wall of Money’ coming into the US from abroad. But what it represents is a global economy deteriorating fast and offshore investors sending their money to US safe haven of Treasuries. How the ‘wall’ is driving up the $US, negating Trump’s tariffs, and negating any trade deal with China. Trump turns up the ‘blame game’ for …

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Alternative Visions – US Recession Next (This) Time

As more and more independent research arms of banks, big investors, and even economists are now predicting recession is coming (as I have been for the past year), what we hear increasingly from the Trump administration and its apologists is that ‘the US economy is strong and doing fine’. Or, other sources less optimistic are increasing saying recession is coming, …

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Alternative Visions – Global Currency War Accelerates

Dr. Rasmus reviews events associated with the US-China trade war, from the Shanghai meeting of early August to today’s announcement by Trump that he expects no deal with China. Why China is not manipulating currency but the opposite. Why there’ll now be no further Trump tariff hikes. Why the trade war is really a war over nextgen technology between US …

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Alternative Visions – US GDP, Europe’s Next Recession, & Pelosi-Shumer Ineptitude

Dr. Rasmus reviews today’s preliminary 2nd Quarter US GDP stats compared to 1st Quarter’s.  Why Housing, manufacturing, investment are now all weakening & consumer spending increasingly dependent on credit. IMF’s latest global forecasts and why Draghi’s pre-announcement of Euro central bank returning in September to lower rates and more QE are doomed to fail. Brexit this fall, now a certainty, to push …

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Alternative Visions – Global Central Banks, Stock Markets & Big Pharma

Dr. Rasmus reviews the imminent interest rate cuts coming next week by the US central bank, the Fed. Why it’s all about subsidizing financial markets, driving down the value of the US dollar, and protecting US multinational corporations’ offshore profits. Why other central banks are now following in step. The consequences in negative rates worldwide and their effect. How Fed …

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Alternative Visions – Is Deutschebank the Next Lehman Brothers? + SCOTUS Gerrymandering & Census Decisions

Dr. Rasmus examines today’s US Jobs report and other reports suggesting US job creation may be mostly 2nd jobs, per Bankrate.com and Payscale.com surveys. How Labor’s share of income has declined -$1.5 trillion a year, while stock buybacks and dividend payouts have risen +$1.5 trillion. The crisis at Germany/Europe’s largest bank, Deutschebank, is discussed and its comparison to the 2008 crash …

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Alternative Visions – Billionaires’ Kids Call For Tax Hikes as Trump Proposes More Tax Cuts for Wealthy

Dr. Rasmus previews the G20 meeting and prospects for US-China deal. Review of deteriorating condition of both US and China real economies. US indicators weakening fast: housing, factory orders, consumer and business spending, inflation, jobs.  What’s happening in India’s economy overview, as non-performing bank loans and shadow bank instability rises. Weak links in global economy: Europe, India, Argentina, Turkey, So. …

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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, …