In this edition of On the Edge, Max Keiser interviews Steve Keen, economist and author of the book Debunking Economics.
He says that debts have spiraled out of control and the reason is shadow banking system. The program touches on the correlation between the US-EU debt crisis and the worsening Greek economy.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
What is the score card for economics at the start of the new millennium? While there are many different schools of economic thought, it is the neo-classical...
Steve Keen is Senior Lecturer in Economics and Finance, University of Western Sydney
What is the score card for economics at the start of the new millennium? While there are many different schools of economic thought, it is the neo-classical school, with its alleged understanding and simplistic advocacy of the market, that has become equated in the public mind with economics. This book shows that virtually every aspect of conventional neo-classical economics' thinking is intellectually unsound. Steve Keen draws on an impressive array of advanced critical thinking. He constitutes a profound critique of the principle concepts, theories, and methodologies of the mainstream discipline. Keen raises grave doubts about economics' pretensions to established scientific status and its reliability as a guide to understanding the real world of economic life and its policy-making.
No More Mr. Nice Guy * The Totem of the Econ Tribe * The Calculus of Hedonism * The Price of Everything and the Value of Nothing * A Totem in Tatters * Size Does Matter * A Totem in Tatters Two * To Each According to His Contribution * A Capital War of the Worlds * There is Madness in their Method * Lets Do the Time Warp Again * The Sum of the Parts * The Price is Not Right * Don’t Shoot Me, I’m Only the Piano * Nothing to Lose but their Minds * There are Alternatives
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
NEW YORK — An encouraging report on China's growth sent stock futures higher Wednesday after three days of losses.
FILE - In this July 11, 2011 file photo, Michael L. Guli of Knight Capital Americas, L.P., works on the floor at the New York Stock Exchange in New York. World stock markets advanced Wednesday, July 13, bolstered by robust Chinese growth figures that led to a solid day in Asia. Gains were limited in Europe as trading began amid ongoing worries about the continent's debt problems. (AP Photo/Seth Wenig, file)
The Chinese economy grew at a slower but still healthy rate of 9.5 percent last quarter, data showed Wednesday. China is attempting to rein in its speeding expansion and ease inflation, but a sudden drop-off in growth could hurt the U.S. economy by cutting into demand for U.S. exports. China is the world's second-largest economy.
Dow Jones industrial average futures rose 34 points, or 0.3 percent, to 12,447 in premarket trading. Standard & Poor's index futures rose 5, or 0.4 percent, to 1,315. Nasdaq 100 futures rose 12, or 0.5 percent, to 2,356.
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All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Problems around the Globe Intensifies/Gold reaches record levels in USA dollars/British Pounds/Euro gold.
I regret to inform you that the banking cartel had an awful day as the price of gold reached record levels in 3 currencies. It hit a high of $1573 usa per oz. In British pounds it is within spitting distance of 1,000 British pounds per oz falling 20 pounds short at 980 Br.Pounds/oz early this morning. Right now British gold is trading at 984 Br pounds per oz. The Euro price of gold also hit record levels today rising to 1116 euros/oz early this morning. Right now Euro gold is trading at : 1122 Euros/oz. The bankers did put up a fight but the physical demand is too great for them to handle as the entire world tries to engulf as much physical gold and silver as they can without much luck. Gold finished the comex session at $1561.90 up $13.90. Silver finished the session at $35.63 down 6 cents. Right now gold is trading at: $1567.30 and silver is trading at $36.15
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.