Below you'll find a list of all posts that have been categorized as “Alternative Visions”
Dr. Rasmus explains the dimensions and magnitude of the current contraction underway, including unemployment spiking at a faster and higher rate than in 2008 or 1929. GDP forecast contractions in 2Q20 will be more severe than the worse month in 1932. Rasmus proposes an ‘economic war mobilization’ that requires US government spending to rise from 21% of GDP today to …
Today’s show focuses on the growing ‘dash for cash’ (aka liquidity crisis) underway by businesses and investors, as they anticipate falling revenues, profits, and cash needed to service (i.e. pay principal & interest charges) their $10T run up in corporate debt (bonds, loans, etc.) over the past decade. Rasmus explains how the $5T in junk bond & BBB corporate debt …
Dr. Rasmus comments on the continuing fall in financial markets and how that may prove a contagion channel to the real economy and recession. Why the Fed’s .5% rate drop earlier this week had no effect at all on the stock market implosion, continuing to this day. Worst since 2008. Why other financial asset markets (oil, commodities, currencies, etc.) are …
The big news of the past week is the collapse of global stock markets, now having fallen by nearly 15% and continuing. Dr. Rasmus explains why, and why such a fast rate of contraction—comparable to what happened in 2008-09. Also, an update on the various ‘channels’ by which the virus impacts stock and other financial markets, and in turn how …
Dr. Rasmus provides an update on latest developments of past week on the Coronavirus and its growing impact on China’s economy, and the contagion channels to the rest of the global economy. Media and business ‘consensus’ that effect and recovery will be ‘V-shape’ in China is now collapsing. Ditto that the economic effects will be largely contained to China itself. …
Today’s show focuses on describing the channels of economic contagion from the China virus, both within China and from China to the rest of the global economy. Recent reports of the coronavirus infection/death rates rising again. Why comparison with SARS virus is inaccurate. Why investors and markets are trying to downplay the actual data. Broken supply chains, exports/imports decline, oil …
Today’s show focuses on dissecting the content and meaning of Trump’s State of the Union (SOTU) speech earlier this week. Not really a normal SOTU speech, but a classic ‘agitation’ speech designed to roil and mobilize his political base for the upcoming election. Little was said about where the country may be headed economically or socially in his final year …
Dr. Rasmus provides his reflections on the Senate trial of Trump and the further crisis and decline of Democracy in America that it represents. How James Madison’s worst fears and warnings are being played out before our eyes historically in the (T)rump trial underway. How the outcome now will embolden Trump to engage in similar behavior and move further to …
As a follow up to recent shows focusing on the 10 most important economic, technology and political events in the US for 2019, today’s show delves deeper and looks at the 10 most important of the past decade, since the great recession and financial crash of 2007-09. Topics covered include: Obama’s failed economic recovery program of 2009, Obama’s $6 trillion …
Dr. Rasmus dissects the just announced signing of the US-China Phase 1 trade deal. Trump claims of achievements are debunked and revealed as mostly smoke and mirrors. Trade terms claimed by Trump, and analyzed by Rasmus, include: majority ownership by US companies in China, ending China’s manipulation of its currency, gains in IP and Tech transfer limits on China, the …
