Stay updated with breaking news from Alison macleod. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
But theres a for me my colleague kevin i want to be here in about an hours time with news from those stories in the headlines so you can head to our team dot com but right now its time for. I am max geyser this is the kaiser reported ever that movie the 6th sense and the big line the money line was i see dead people this is going to make more sense but 1st we need to talk to stacy well certainly we do have a zombie economy thanks to the never ending parade of free money from the fed and the growing pile of debt because you know this past week we saw the global debt pile hit over 250. 00 trillion 255. 00 chilean to be exact is probably up another chilean or 2 by the time this airs so the fact is we have a lot of debt and its piling up stock markets are hitting all time new highs some even Yahoo Finance is starting to connect the pieces that maybe all this debt and all this free money is driving the stock markets but even your own po ....
I am max geyser this is the kaiser reported over that movie the 6th sense and the big line the money line was i see dead people this is going to make more sense but 1st we need to talk to stacy well certainly we do have a zombie economy thanks to the never ending parade of free money from the fed and the growing pile of debt because you know this past week we saw the global debt pile hit over 250. 00 trillion 255. 00 chilean to be exact its probably up another chilean or 2 by the time this airs so the fact is we have a lot of debt and its piling up stock markets are hitting all time new highs some even Yahoo Finance is starting to connect the pieces that maybe all this debt and all this free money is driving the stock markets but even your own powell and testimony he said the debt is growing faster than the economy its a simple as that in nominal terms and that is by definition unsustainable ultimately you will have to get it to wh ....
We need to talk to stacy well certainly we do have a zombie economy thanks to the never ending parade of free money from the fed and the growing pile of debt because you know this past week we saw the global debt pile hit over 250 trillion 255 chilean to be exact its probably up another trillion or 2 by the time this airs so the fact is we have a lot of debt in this piling up stock markets are hitting all time new highs some even Yahoo Finance is starting to connect the pieces that maybe all this debt and all this free money is driving the stock markets but even your own powell and testimony he said the debt is growing faster than the economy its a simple as that in nominal terms and that is by definition unsustainable ultimately you will have to get it to where the debt is not growing faster than the economy and its growing faster in the United States by a pretty pretty signif ....
A simple as that you nominal terms and that is by definition unsustainable ultimately you will have to get it to where the debt is not growing faster than the economy and its growing faster in the United States by a pretty pretty significant margin so as you say its growing faster than g. D. P. Is growing faster than g. D. P. It takes 3. 00 of debt to induce one dollar g. D. P. Growth. You know it reminds me of the story about the martin who is pumping formaldehyde into the corpse and saying that no matter how much formaldehyde i pump into this corpse it breathing doesnt get any better and then of course the obvious observation would be well its a corpse the corpse is dead. It doesnt matter how much formaldehyde you pump and so in the case of the Global Economy and in the u. S. Economy in 2008 it does there was this credit crunch as you recall and the solution was to pump form ....
Formaldehyde i pump into this chorus it breathing doesnt get any better. And then of course the obvious observation would be well to corpse the corpse is dead. It doesnt matter how much formaldehyde you pump and so in the case of the Global Economy and in the u. S. Economy in 2008 it does there was this credit crunch as you recall and the solution was to pump formaldehyde in the what is called money but its not money like gold its money its debt its debt right all the quantitative easing all the money printing all the bailouts debt with interest costs associated with it and that interest cost now is approaching in terms of a line item the equivalent of the u. S. Military budget so when krugman says its only money we owe ourselves hes wrong of course the United StatesFederal Reserve bank cannot create assets they cannot ....