Mikhail Leontieff has been keeping a close look at the markets and his attention was drawn to the fact that the most pessimistic forecasts are being voiced by the most active players.
This is a transcript of an interview of Dr. Peter Koenig with PressTV, focussing on the recently released ILO Unemployment Report. The interview is preceded by a brief news summary of the ILO report.
The Chinese economy has experienced its slowest growth since the aftermath of the Tiananmen Square massacre a quarter of a century ago, with the economy recording an expansion of 6.9 percent last year, compared to 7.3 percent in 2014.
When the Dow Jones Industrial Average (DJIA) and S&P peaked in May 2015, investors were still confident that the Fed “had their back” and that any steep or prolonged downturn in stocks would be met with additional liquidity and a firm commitment to maintain zero rates as long as necessary. But now that the Fed has started its long-awaited rate-hike cycle, investors aren’t sure what to expect.
As the world’s political and economic elite gather to discuss their top concerns at the annual Davos summit in the Swiss Alps and with attention this week focused on the scourge of economic inequality, a new report begs questions about the potentially disastrous role the super-wealthy are playing when it comes to addressing key problems of global inequity, endemic poverty, and international development.
The original source of this article is Global Research
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