Steve Keen Says U.S. Heading for 2020 Recession

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Steve Keen Says U.S. Heading for 2020 Recession 4.5
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Sep.19 -- Steve Keen, professor of economics at Kingston University, discusses inequality, Federal Reserve policy, house prices and the U.S. economy. He speaks on "Bloomberg Surveillance."

💬 Comments on the video
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"Workers spend virtually everything they earn" just to stay alive.

Author — stopthecrazyguy

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"Not a capitalist democracy, a capitalist oligarchy". That was spot on.

Author — Mikkle Chua

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The Fed and the government knows what it is doing; you deny basic financial education to every child leaving school, you impoverish them through debt for the privilege of education, then tax every dollar they make after housing costs, and erode every dollar saved, and presto you’ve created a slave. Then you get the slaves to argue amongst themselves while you rob them blind. The US population is 100% owned and it matters not whether a Trump or a Clinton is in power. It’s a dictatorship and you cannot even flee your slave masters if you move abroad. Americans need to wake up!

Author — M R

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"Not a capitalist democracy, a capitalist oligarchy". THUMB UP

Author — J.G. L

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WHO LET THIS MAN ON BLOOMBERG!? 😂
Excellent analysis, professor. Amazing to actually see a sober economist talking about the poor state of the US economy and the impending crash

Author — Jarrett Rabon

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We'll never see Prof. Keen on Bloomberg again.

Author — Ganesh Hegde

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Recession? It's gonna be a full blown collapse!

Author — lol

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My company just laid off 500 people and I was one of the displaced! The recession is here already. Govern yourselves accordingly

Author — Nurse Joy

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"to the left of nancy pelosi"... who is center-right by international standards? these guys are out of touch

Author — Masaru kun

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Keen is RIGHT ON. ABSOLUTELY RIGHT ON. GET out of debt! ASAP.

Author — Debra Smith

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He predicted the 2008 global recession (the only Australian economist to do so) and predicted the Australian housing market bubble (though he was off by 3 years).

Author — Nacho Marquez

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we are in a gilded age of corruption for 1%

Author — Jorge Gomez

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Today is Friday, March 13, 2020. Soon We may face another recession, most likely a depression, bigger than the 2008 economic crisis.

Author — Chi chan

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7:00 did he say Jeff "Bozos" instead of "Bezos"? Or is that just his accent?

Author — asterisk911

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I love how america still, STILL thinks trickle down works, when it simply has never NEVER in the history of this planet

Author — Barry Allott

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Workers spend everything they earn because they HAVE TO! While these rich people sit back and ponder and make projections the average American is working multiple jobs and in constant anxiety

Author — Brainiac Bold

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"Workers spend vurtually everything they earn." So sad, so true. A permanent American unclass.

Author — Ask Why

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The 1% have to pay more taxes. Close loop holes.
These ppl can afford to pay their fair share.

Author — Mona Al

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Workers spend almost everything they earn, out of necessity! Once disposable income falls, everything else follows.

Author — Thomas Headley

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03:35 "Noriel Roubini was on Doom and Gloom yesterday, we're going to get out to 2020 and the world is going to end". NAILED IT!

Author — Sundance