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The American System

Jan 2017

January 4, 2017

January 5, 2017

Insolvencies in Italian and German Banks Could Trigger Severe Financial Crisis in Europe in 2017; World Economy Slowed by Chinese Downturn, European Unemployment Stuck at 10%, Disruptions in EU Supply Chains Caused by Brexit; U.S. Treasury Bonds Selling Off, but Stocks are Overvalued with Dow Close to 20,000; Wall Street Bubble No Longer Stoked by Fed’s Quantitative Easing, 0% Interest, or Keynesian Stimulus; “Lehman Moments” Cannot Be Excluded; Answer to a New Systemic Crisis is Not More Austerity and Bank Bailouts but 1% Wall Street Sales Tax to Hinder Speculation Plus $6.5 Trillion of 0% Long-Term Federal Reserve Credit for Infrastructure and Education