Warning Signs: The World on the Brink of Another Great Recession
Economy | Information | History | Online | Facts | World | Global | Money
Sherle R. Schwenninger, World Economic Roundtable at New America/The Nation Magazine, joins Thom. Economists - the people who study this stuff for a living - now think that the world is teetering on the edge of yet another big recession. Slowing growth in China - plummeting stock prices - and sputtering growth in Europe - they say that all of these things are warning signs that the fundamentals of the economy are weak - and that we could be heading for another big collapse. For more information on the stories we've covered visit our websites at thomhartmann.com - freespeech.org - and RT.com. You can also watch tonight's show on Hulu - at Hulu.com/THE BIG PICTURE and over at The Big Picture YouTube page. And - be sure to check us out on Facebook and Twitter!
Comments
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artificial intelligence is needed to take over jobs and are better then humans
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Bloody robots are taking our jobs
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It doesnt effect INDIA!!!!
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Capitalism is a good but flawed system, like everything in our world, entropy plain and simple. When you have a garden, you must weed it. When you drive a car, you must repair it. The same applies to our financial system, it needs reform incrementally. When left unchecked, it gets out of control and turns into a weed bed. We saw it happen a few years ago, and it's going to happen again, soon. WEED THE DAMN GARDEN ALREADY!!!
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Reagonomics? what the hell, 30 years ago much?
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This of course is the Obama economy it has been like this since he was in office.
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It looks like the economy is working for Brenie, is he part of the top 1%?
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Looking at ONS stats for the UK Recession can be avoided if balance of payments are deliberately kept negative for a period of time when gdp is increasing and deliberately kept positive some other times when gdp is increasing. This will break the business cycle. This amounts to saying that sometimes you should sell goods and services to your own country more than to other countries . I am no economics expert so couldn't tell you why but it may relate to keeping the pound's value from rising too high in the long term and making uk goods too expensive for foreigners.
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Is not the US the biggest enemy unto itself. It seems that a self destruct RED button has been pushed by our very own government in its foreign & domestic policies & further fueled by our Corporations being in bed with our politicians. May we rot in hell as the Romans.
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We have "bubbles" blowing all over....and despite what the 'Masters of the Universe' may say, one CAN tell if one is in a bubble. We need counter -party risk, and price discovery. Oh yeah...capital would be great!
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so, its not the GOP!!!!
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after 8 years of obamanomics its still reagans fault? (when did he die?).get a grip.
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Great Recession? Are they kidding? More like a Greater Depression. Are they in denial?
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Low wage workers don't buy a lot. That's all you need to know.
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Government does not create jobs....but they can help though by getting out of the way of small business. It HAS to be the private sector.
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You need a better economist. he's OK but not quit ripe yet.
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Nice to know your finally catching up with the rest of us. Should be called RE-news.
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do you think for a moment that humans, are nice loving creatures?greedy viscious aggressors anti spiritual hypocrites, what they get they deserve otherwise they could not possibly attract the induced punishment.higher levels of development, never create the cause and effect to begin with.
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