As stock market crashes, is US facing new financial crisis? Economist Michael Hudson explains from Geopolitical Economy Report

Geopolitical Economy Report

Ben Norton

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As stock market crashes, is US facing new financial crisis? Economist Michael Hudson explains

1 hour 26 minutes Posted Aug 7, 2024 at 3:24 pm.

Teaser

Why did the stock market crash?

Is the US economy entering a recession?

Japan and the yen carry trade unwind

China's economy

Popping of the AI / Big Tech bubble?

Geopolitics: Russia, Ukraine, Israel, Iran

Re-inflating the bubble?

Can't the debt be rolled over?

Asset price inflation vs consumer price inflation

Capital gains grow faster than the economy

What is missing from most economic analysis?

Outro

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1:26:55

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Show notes

The stock market crashed on August 5, in a new "Black Monday". What caused it? Is the USA on the verge of a new financial crisis? Ben Norton is joined by economist Michael Hudson to discuss the extreme volatility, AI / Big Tech bubble, Japanese yen carry trade unwind, Chinese economy, and geopolitical dangers.

VIDEO: https://www.youtube.com/watch?v=stgBVvz5RIM

Check out Geopolitical Economy Hour, the program Michael Hudson hosts with Radhika Desai, here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP

His website: https://michael-hudson.com

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