from Boom Bust:
Our lead story today is Hong Kong. Crowds in Hong Kong swelled over the weekend as protesters gathered to oppose China’s plans to control the city’s 2017 leadership elections as riot police fired tear gas and pepper spray at demonstrators who shut down parts of the city on Sunday. Erin weighs in.
Then, Erin is joined by Dr. Ann Pettifor, author and executive director of Advocacy International, to discuss the recently released Geneva report on the world’s total debt. Dr. Pettifor explains that debt levels are increasing, contrary to the widespread belief that some sort of deleveraging has taken place. She looks to private debt as the big problem.
After the break, Erin sits down with Warren Mosler, author and president of Valance Inc., to discuss the true impact of monetary policy on the real economy, particularly in the US, where the US has been aggressive in easing policy. Mosler sees an underlying weakness that belies this easing and believes the increase in inventories increasing GDP is a negative sign for growth in the coming quarters.Help us spread the ANTIDOTE to corporate propaganda.
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