This hedge fund manager infers that a Depression may be imminent. Reputable Billionaire investor Ray Dalio predicts that, barring a significant course correction, America is headed for worse than a recession, describing it as 1930.
This is Fed-Speak for a politically induced depression.
If this isn’t Fed-speak for a politically induced depression I don’t know what is. Republican politicians & neoliberals …
US Jobless Rate Broke Depression-Era Record—but Most Media Missed It
The jobless rate would have been nearly 5 percentage points higher, if workers were classified differently during the survey data collection,
The Depression will not be televised as the pain of many made invisible. But …
The depression is coming. Unfortunately, many will not even know how bad it is as the corporate media will hide it. Here is the deal.
Robert Reich: The Next Crash
We are careening toward the same sort of crash we had in 2008, and possibly as bad as 1929 given the current conditions of Americans and the economy.
Job Report Proves Austerity Fails–GOP’s Path To Depression
Sorry, there was a YouTube error. One definition of insanity is doing the same thing over and over again and expecting a different result. Britain elected a conservative government that immediately adopted an austerity policy. They are now entering their 3rd recession since the economic crisis, a triple dip. Spain attempted austerity and as reported […]
Economist Richard Wolff: Capitalism Hits The Fan
Richard Wolff gives one of the most informative pieces of our economic dilemma.