Jack Rasmus and systemic fragility
thenextrecession.wordpress.com
Jack Rasmus is an author of many books on the global economy, a broadcaster and an economic advisor to America’s Green Party.
Chris ~
2638 days ago
Rasmus cites nine fundamental economic trends that underlie what he considers caused this growing fragility. Basically, they consist of a massive injection of liquidity (money and debt) starting with central banks worldwide and spreading as debt through the financial system, households and government. “In short, key variables of liquidity injection, debt, a shift to financial asset investing, a slowdown in real asset investment, disinflation and deflation in goods and services trends, financial system restructuring, labour market restructuring, and declining effectiveness of central bank monetary policy and government fiscal policies on historical multipliers and interest rate elasticities all together constitute the major trends underlying the long run deepening of fragility within the system”