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WILLIAM EDSTROM – Waiting for Collapse: USA Debt Bombs Bursting

It’s been so easy the past 15 years for local governments in the USA, state governments, government authorities, corporations, banks, hedge funds and the US Federal government to simply say how many millions, billions or trillions of dollars they wanted, pay some high priced call accountants to fill out some paperwork with fine print and voila, millions, billions and trillions …

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Michael Hudson – Behind the Market Crash: the Smoke and Mirrors of Corporate Buybacks

Sharmini Peries: The Dow Jones trading took a deep drive this week, dropping over 1,000 points in the first 20 minutes of trading. It is now slowly reversing itself, but it was the greatest loss in trading since the 2010 crash. Here to discuss all of this, we’re joined by Michael Hudson. Michael Hudson is a distinguished research professor of economics …

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BySean McElwee – What If We Reported On Poverty The Way We Report On The Stock Market?

“The media is biased,” is a complaint that media organizations receive a lot, so they tend to be fairly wary of overtly partisan reporting. However, while media organizations are loath to seem partisan, they are often deeply unaware of other deep biases they hold. One psychological bias humans suffer from is the “availability heuristic”—a tendency to generalize based on our …

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Alternative Visions – Global Stock Markets Plunge—What’s Next? – 08.21.15

Dr. Jack Rasmus looks at today’s, and this past week’s, plunge in global stock markets from Shanghai to New York and beyond. What’s driving the rout, which recorded nearly 10% drop in stock values in just one week? Jack explains the causes behind the stock bubbles’ rise before this summer, focusing on China’s 120% bubble in 2014-15, now sharply contracting by 35%, and the bubble in US stocks that have risen 180% since 2010, and are now about to follow China’s stock contraction. Europe and other Asian markets are following the China-US connection in turn. Jack explains how the stock bubble in the US has been a consequence of the US central bank pumping $15-$20 in excess liquidity into the economy since 2009 via its zero rate and QE programs. In China, the shift to a monetary first policy in 2013 has caused excess liquidity on a similar scale. China’s real economy has been slowing since 2012. To offset the slowdown, China policy makers focused on stimulating stocks for various reasons: to quell other bubbles in housing and industrial debt, to shift toward more private sector driven growth, and to attract more foreign money capital. How China lost control of its stock bubble is explained, as well as the failed attempts since June to control the stock collapse and restimulate its real economy. Jack predicts the troubles in the global economy are about to get even worse in coming months.’

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Michael Snyder – This 2 Day Stock Market Crash Was Larger Than Any 1 Day Stock Market Crash In U.S. History

We witnessed something truly historic happen on Friday.  The Dow Jones Industrial Average plummeted 530 points, and that followed a 358 point crashon Thursday.  When you add those two days together, the total two day stock market crash that we just witnessed comes to a grand total of 888 points, which is larger than any one day stock market crash in U.S. history.  …

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Andre Damon – Chinese stock market suffers biggest one-day sell-off since 2007

China’s stock market suffered its biggest one-day sell-off since 2007 on Monday, with share values plunging by more than 8.5 percent. Panic selling triggered the automatic suspension of trading for over 1,000 companies, leading Chinese financial authorities to announce a new round of share purchases in an attempt to stop the rout. However, Chinese stock indexes continued to fall in …

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Pam Martens and Russ Martens – Chinese Stocks Crash Overnight; Will We See Another “Glitch” in New York

Despite unprecedented efforts by the Chinese government to stem the rout in the Chinese stock market that had shaved as much as $4 trillion from share prices before the government’s interventions this month and last, the Shanghai Composite closed down 8.48 percent today at 3,725.558. The overnight rout has raised speculation in some quarters as to whether we are going …

Industrial Agriculture Is a Threat to World Food Supply – MARK KARLIN

Bigger is not always better. As Wall Street banks and big box stores such as Walmart have shown, bigger is often worse. The list of industries that have consolidated into national and global cartels is long and growing, and so is their collateral damage. In general, this trend – accelerated by trade agreements such as the proposed Trans-Pacific Partnership – …

federal reserve

How the Fed screwed up the bond market – Jeff Cox

Live by central bank liquidity; die by central bank liquidity. That could well become the mantra for a bond market that, after years of support by the Federal Reserve and its global counterparts, now finds itself suffering under the unintended consequences of the trillions in easing distributed to allay the fears of a market in crisis. “Liquidity,” in fact, is the word …