Is America Due for Another Economic Crash? (w/Guest Richard Wolff)

The Ring Of Fire network showcased the interview Is America Due for Another Economic Crash? (w/Guest Richard Wolff).

Thom is joined by Dr. Richard Wolff to discuss the possibility of a new economic crash.

I don’t see how there can be any doubt that the Fed’s efforts to stave off the worsening of the crash of 2008/2009 has led to a stock market bubble that is not supported by the underlying economy of this country. When the support for the bubble is being withdrawn, we can only be concerned with the possible consequences. As Wolff points out, there could be countervailing actions taken to prevent the normal consequences of such a withdrawal, but in the current political climate, such actions are unlikely to be taken.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.