The Federal Reserve has cut rates yet again, as demanded by President Trump, but what will this move mean for markets? Prof. Wolff appears on Boom Bust to break down the future for the Fed. Plus, Amazon's algorithm is under a harsh spotlight today as recent reports allege the company's search tool favors the company's own products. View Here
President Trump and Chinese Vice Premier Liu had a high stakes meeting at the White House in a bid to avoid new tariffs on $250 billion worth of Chinese goods. Brian and John speak with Prof Wolff to discuss the the big picture behind the U.S.-China trade war. This interview is courtesy of Loud & Clear
In the first half of Economic Update this week, Professor Wolff discusses how and why socialism changed from what it meant in the 19th and 20th centuries (public enterprises...READ MORE
Prof. Wolff pens an article challenging both Republicans and Democrats to admit their policies’ failures and to open the public and professional discussion on capitalism’s recurring recessions and to systemic critiques and solutions involving systemic change. This article appears courtesy of Truthout.
Prof. Wolff joins Eugene Puryear and Sean Blackmon to talk about how U.S. Presidents, the World Bank and IMF use economic sanctions and aid to coerce foreign leaders, the state of the global and US economy, and the ongoing trade war between China and the U.S. This interview can be heard courtesy of Sputnik Radio.
Prof. Wolff talks with Algerian journalist Mohsen Abdelmoumen to discuss socialism's place in our economic future. This article appears courtesy of American Herald Tribune, Europe’s most widely read English language newspaper.
Prof. Wolff joins The Thom Hartmann Program to illuminate how banks are supposed to hold a percentage of every dollar in reserves, which means they have a large pile of money. What happens if the government wants to stimulate the economy, by telling the banks they can lend out part of their held deposits or all of it? The last time the banks were able to lend out their reserves, we found ourselves in a global financial crash.Read more
The US-China Trade Wars: Causes, Prospects, Risks
Trump's plan to re-privatize the mortgage loan companies Freddie Mac and Fannie Mae opens the door to the factors that caused the 2008 financial crisis.
This story appears courtesy of Real News Network - Listen Here
Since the mid-20th Century, every major recession in the United States has been preceded by an inversion of the bond “yield curve,” a key indicator of the health of the economy. In August, the curve inverted once again, leading to widespread alarm that a significant economic downturn is imminent.
This article appears courtesy of The Globe Post.
As U.S. schoolchildren return to the classroom, teachers across the country are asking for help from the public to bridge the gap between funding and need through a new viral campaign that is putting renewed focus on the woefully insufficient funding of U.S. public schools.
This article appears courtesy of Common Dreams.