1

Alternative Visions – Slowing Jobs Recovery; Fading 3Q Rebound?

In today’s show, Dr. Rasmus comments on the growing economic cold war between US and China, on the status of the Economic Stimulus negotiations in Congress, and the latest US jobs and wage numbers released today by the US Labor Dept.  On the China-US economic war, the latest developments involving Microsoft and the forced purchase of China’s ‘TIk Tok’ by …

1

Alternative Visions – 2nd Quarter US GDP Collapses & June Rebound Fading

Dr. Rasmus dissects the just released data for US economy’s 2nd quarter GDP stats, confirming his March prediction of W-shape recovery, no V-shape and no 2nd half recovery. The 4 myths are discussed: Fast recovery in 2020; US economy strong in 2019; consumer households were doing great in 2019 and will do again in 3Q20; Congress’s March 2020 Cares Act is enough …

1

Alternative Visions – US Economy: Relapsing from Rebound

Dr. Rasmus discusses the latest data showing a rise once again in unemployment and benefit claims. Why it’s a harbinger of a relapse and W-shape recovery now emerging more clearly. The dual causes behind the rising job losses: covid resurgence and permanent layoffs by big corporations. A detailed review of what’s known of the status of current negotiations in Congress …

PEN-FM-logo

Alternative Visions – : What Lies Ahead

Dr. Rasmus discusses his latest blog piece, ‘What Lies Ahead’ (see jackrasmus.com). The 8 factors that intermediate to long term may mean the current Great Recession experiences a major economic relapse, and W Shape trajectory in the next 6 to 18 months. More permanent 2nd jobless wave, weak Heroes Act fiscal stimulus next week, wave of unemployment benefits loss and rent evictions, …

Alternative Visions – Rebound, Relapse vs. Recovery

Dr. Rasmus explains 8 reasons why the US economic ‘rebound’ will not be a recovery. Why jobs are not recovering at rate announced by government, while mass layoffs of permanent jobs are beginning to occur amidst recalls due to economic reopening. Other reasons for W shape rebound and relapse and not robust recovery is that the 2nd surge in Covid will …

Coronavirus-CDC-645x645

Alternative Visions – 2nd Covid Wave & the US Economy

Evidence grows that a 2nd covid-19 wave is now emerging in the US, focused in the south and southwest ‘red’ states. Pandemics always have 2nd waves (even 3rds). Second waves tend to be worse than first. Will this 2nd wave exceed the impact of the first on the coastal ‘blue’ states, now that widespread reopening of the US economy is underway, especially in …

1

Alternative Visions – Latest Jobs Numbers, the Economy, & the Protests

Dr. Rasmus explains why the official U-3 unemployment figure of 13.3% is a gross misrepresentation of the unemployment rate. What’s wrong with the U-3. Plus the Labor Dept’s own admission that the 13.3% is distorted by the questions it has asked the jobless. Why the Labor Force participation Rate and Employment to Population ration show little improvement in the jobless …

1

Alternative Visions – Heroes Act Negotiations + US Financial Imperialism & China

Today’s show continues in more depth the discussion last week on the pending Heroes Act in Congress. Is it another mitigation bill, stimulus bill, or a growing subsidy for business bill. What are Republicans proposing to change the original House proposals in the bill? Senate Democrat responses in progress? What’s the true unemployment rate in the US today. Why has …

1

Alternative Visions – The Heroes Act: DOA?

Dr. Rasmus explains the latest Congressional bill to try to stimulate the US economy, called the Heroes Act, passed a week ago. What are the elements? Will they continue to ‘mitigate’ the virus impact on the economy or actually stimulate recovery? Why is McConnell in the Senate, Republicans, and Trump opposed and blocking it? What are their arguments and are …