Blaze TrendsTrump's Tax Policies May Wreak Havoc on US Economy, Experts Warn
#economiccrisis #economy #globalfinancialcrisis #taxation #trump
https://blazetrends.com/trumps-tax-policies-may-wreak-havoc-on-us-economy-experts-warn/?fsp_sid=7484
HistoPol (#HP) 🏴 🇺🇸 🏴#ClimateCatastrophy and the pending #GlobalFinancialCrisis
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#Economics professor that had been warning about a global financial and a public debt crisis since 2005 👉predicts the end of human civilization due to the #ClimateCrisis👈:
q: How serious do you think #GlobalWarming is?
#SteveKeen*: "I think, 👉human civilization will not survive!"👈
q: "When do you anticipate the next financial...
Source:
https://youtu.be/kiXTWs_sGl0?feature=shared
Cc @GhostOnTheHalfShell @economics-that-works @academicchatter
Socialism for All ☭ S4AIn finance, an inverted yield curve is when interest rates on short-term debt instruments rise above the interest rates of longer-term debt instruments of similar creditworthiness. In other words, this is an unusual situation in which, all else being equal, shorter-term investments return more money than longer-term investments.
Historically, inverted yield curves on US treasuries have been reliable indicators of impending recessions or economic downturns, and more prolonged inversions generally correlate with more severe crashes, as this video by the Game of Trades investment channel demonstrates: https://www.youtube.com/watch?v=ELF_EivMCMI
(The last 30 seconds of this video are just ads for the channel's trading advice services.)
Our current situation in 2024 is that the yield curve has been inverted for 540 days, which is comparable to the durations of the inversions preceding the 1974 crash and the 2008 global financial meltdown (low 500s each) and second only to the 1929 market crash that kicked off the Great Depression (700).
The stock market is currently still going up, but keep in mind that the stock market went up for a long time after the 2008-era inversion as well: a record 657 days. If the market were to keep rallying for that length of time today, then the crash would begin this August.
2008 showed us that the average person will be angry and more ready to question capitalism itself when events like this happen. As Marxists, we must prepare to do widespread agitation, education, and organizing in its wake, spreading real knowledge about how to understand, resist, and fight back against capital.
#yieldcurve #ustreasury #federalreserve #invertedyieldcurve #recession #crash #financialcrash #financialmarket #economy #economics #news #politics #gfc #globalfinancialcrisis #2008 #greatdepression #depression #yieldinversion #capitalism #socialism #communism #socialist #communist #marxism #marxist #revolution #rev2030 #revolution2030 #tatertube #s4a #socialismforall
The Damage is Becoming Irreparable…
the roamer"This is Wall Street, Dr Burry. If you offer us free money, we are going to take it."
Scene in #TheBigShort. Goldman banker Lucy (played brilliantly by #VanessaCloke) making fun of #MichaelBurry's offer to trade against the 2007 housing bubble.
Burry was right, of course, and Lucy was wrong.
The irony: #Goldman made money regardless. They traded on both sides and extracted themselves out of their own mistakes, letting their clients take the hit.
8Petros [$ rm -rv /capitalism/*]At a national level, having strong welfare, accessible health services and progressive attitudes towards mental health are shown to reduce suicide and mental illness. On an individual basis, reaching out to others, having supportive social networks, rethinking our identities and developing financial knowledge may help us all weather current and future crises.
Financial crises damage people’s mental health – our global review shows who is worst affected
#mentalhealth #depression #Debt #globalfinancialcrisis #Insightsseries #Tacklingthementalhealthcrisis #2007-08financialcrisis #Suiciderisk
Financial crises damage people’s mental health – our global review shows who is worst affected
#mentalhealth #depression #Debt #globalfinancialcrisis #Insightsseries #Tacklingthementalhealthcrisis #2007-08financialcrisis #Suiciderisk
Jude JacksonDeepening problems in the global economy - World Socialist Web Site
#GlobalFinancialCrisis #globaleconomy #FinancialCrisis #CapitalismInCrisis
Thiemo Fetzerin the first place, had it not been due to #austerity. So what happened? Well, in 2010 the UK government - in the wake of the #GlobalFinancialCrisis launched a massive wave of #austerity.
Don't get me wrong, I am not an fan of an excessively big state, but of a smart state that bases its policy decisions on #evidence not #ideology.
From 2010 on, the UK drastically realigned public spending: away from the future (education) & the working age population (welfare) towards pension spending...
The relative abundance of jobs is considered bad news in the perverse logic of financial markets because it makes further interest rate increases by central banks more likely.
#InterestRateHikes #Inflation #GlobalFinancialCrisis #FinancialCrisis
Global markets fall on reports of better than predicted hiring - World Socialist Web Site
REGROUPThe first #regroup paper is out by Istituto Affari Internazionali!
Ettore Greco, Federica Marconi, and Irene Paviotti have examined the impact of 4 major global crises on (re)shaping global power shifts and globalisation.
1) #covid19pandemic
2) #GlobalFinancialCrisis
3) #Russianinvasion of #Ukraine
4) #climatechange.
Read the full research paper here:
https://regroup-horizon.eu/publications/2722/
@politicaltheory @sociology @politicalscience
@socialscience
beSpacificIMF - #ShadowBanks: Out of the Eyes of #Regulators. #ShadowBanking symbolizes one of the many #failings of the #FinancialSystem leading up to the #globalfinancialcrisis. Estimating the #size of the #ShadowBankingSystem is particularly difficult because many of its entities do not report to #government #regulators. https://www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/Shadow-Banks #GlobalFinancialRisk #risk #regulators
