"Currency Wars" with John Rubino of DollarCollapse.com
A three part interview series starting Thur, May 19th with OUTLOOK for the US$, Thur, May 26th with GEO-POLITICS OF THE US$ as the Global Reserve Currency and ALTERNATIVE STORES OF VALUE - Hard Assets on June 2nd. >> Go to Global Insights FOCUS-June and May
NOTE: The IMF economists, Jaime Guajardo, Daniel Leigh and Andrea Pescatori, have shown in their recent paper "Expansionary Austerity, New International Evidence", that a fiscal consolidation of 1 percent of GDP has on average reduced real private consumption by 0.75% within 2 years and a fall in real GDP by 0.62%. I MIS-SPOKE when I said it approximates 70%, instead of saying 0.7 (0.62%). In actual fact, with EU GDP's now approximating 1% before austeriry measures kick in, the 70% cited is correct but not in the context of the IMF data results..
Gordon and Ty and their guests discuss global-macro economic topics with expanded insights from a variety of distinguished and accomplished analysts, authors and commentators.
Notice of slight audio issue with today's recording: We experienced a problem with Ty's microphone of which we were unaware until it was too late. However, we chose to post the podcast as it was. Our sincerest apologies for the distraction it may cause to our listeners.
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