[328] US economy is not as strong as some think
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It looks like the Asian Infrastructure Investment Bank is finding support in the most unexpected places, like the World Bank. Since launching the AIIB in October, China has been met with nothing but opposition from the United States. While the US objects to the AIIB based on its lack of clarity, the reality is that the US opposition stems from fears of losing its power over the region and its global financial supremacy in general. Erin weighs in. Then, Erin sits down with Dean Baker – columnist, blogger, and co-director of the Center for Economic and Policy Research. Dean gives us his take on the jobs numbers reported last week and how the US economy is doing altogether. While the numbers were weather-affected, the reality is that the underlying strength of the US economy has been overstated by previous jobs data. Dean believes that full employment is a way’s off at this point in time. He argues that the Fed’s raising rates is premature. Dean also takes on secular stagnation. After the break, Erin is joined by Eswar Prasad – Cornell professor, Brookings fellow, and former head of the IMF’s China Division. Eswar explains India’s role in the AIIB and updates us on his thinking about the US dollar reserve currency status. And in The Big Deal, Erin and Edward discuss the state of the US economy. Take a look! Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT http://www.facebook.com/harrison.writedowns http://www.facebook.com/erinade2020 Follow us @ http://twitter.com/ErinAde http://twitter.com/edwardnh
Comments
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She will be much more watched in some hard porn movie...
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the world bank is just a bunch of other central bank criminals
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Good discussion, but actually US trying to control all countries economy, through dollar, but China is taking a chance and their plans are really works.
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"Russia economy is not as strong as some think"....even better, "Russia economy is much worst than some think".
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If you can't stop it- work with it? Well, what if it is not about a trillion dollars but about a couple of trillion yens? Would the World bank work with or against AIIB then?
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This guest was ignorant as hell keep interest rates at zero forever lol
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Fix the American economy.
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Chinese just want one thing....That they should be in control of everything and everyone should bow before them and ask their permission before doing anything.....Just Like....you know who :)
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After visiting the Philippines, eight years due, I must conclude the phenomenal growth it is now. Talking with former classmates and friends, the influx of money from the Chinese and Koreans are evident. Asia is where the action is. Here in Canada, most shops close after 6 pm. There it seems businesses are busy to the wee hours of the morning! Lots of students from overseas as well creating a booming school business. No wonder one of the heavy weight companies Phinma, acquires a promising school to the tune of 1.5 billion , divide 40 to US equivalent.
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so he says that the US empire is profiting from a unstable world. This means the US empire is interested in keeping the world unstable.
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All economic news aside, Erin is really hot!
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we're in big shit!
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this woman is a terrible host. She has great guest, but after watching her, you feel like you ate something you shouldn't have.
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With the new financial year just a couple of months away it will be all Boom with Erin's Calender "Summertime on the Beach" Swimwear collection. Sorry just Dreamin
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Nice new opening dialogue, I much prefer it, more professional and resonant.
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what is the intro music does anybody know?
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looks like shes posing could this turn in to main stream media.
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there was something with Erins styling in the interwiev with Dean Baker (blue shirtdress, hairstyle and makeup) that did'nt fit her at all. it was very 'hard'. It was like putting a lit on her natural beauty.
Erin is WAY more beautiful in the way we usually se her -
Well President Obama and his administration was pretty disappointed when David Cameron applied for membership of the AIIB and many other countries are following suit fast like a Olympic 100m race..well power really is shifting from west to east and the US feels it's been slapped in the face with a wet trout. The USD looks at the shovel scooping one big chunk of dirt, Boom show anyhow (touch fists)
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I hope you do realise that this economic model is doomed to fail, in multiple ways. All the evidence is suggesting we are approaching the sharp end of the stick, so to speak, with money creation (debt), wealth concentration (reducing demand), and civil unrest increasing globally, at an accelerating rate (exponentially).
Hyperinflation is the inevitable outcome for a debt based economic model, and the people will not have this. Time for a revolution against the central bankers and complicit governments.
I just hope the successful revolutionaries have enough vision to recognise our potential as a species beyond a monetary system altogether, else we will eventually find ourselves in similar situations in the future (if we don't destroy ourselves, or the planetary ecosystem too much in the mean time).
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