Episode 3 - How Stable is the Global Economy?
Listen now
Description
Nothing has been more disruptive to global order in this last decade than the global economy. The financial crisis that began in the United States in 2007 with the sale of securitized mortgages exploded into a global banking and financial crisis whose effects are still being felt today.  It spilled over into Europe, and exacerbated a financial downturn that continues to ravage the poorer members of the European Union.  Only the United States and Canada seemed to escape these dire consequences. Today, the U.S. economy is fundamentally at full employment, but economic anxiety is high in depressed parts of the country. It is not an exaggeration to say that President-elect Donald Trump is one consequence of the global financial crisis.  Despite a decade of work, few experts are confident that the global financial system is much less vulnerable to disruption than it was ten years ago.  To help us grapple with this dismal prediction, Sherry Cooper, one of Canada’s outstanding economic analysts and a longtime observer of the global financial system joins us. 
More Episodes
Foreign and domestic policy in the United States seem to have melted down. The President’s major domestic policy initiative – repeal and replace Obamacare – has failed. Infighting inside the White House is especially open and vicious. Abroad, President Trump has upset almost all of...
Published 08/07/17
Digital technologies and platforms are connecting people across space and time in new and disruptive ways. Amazon is the world’s largest shopping platform. We buy books, clothes, shoes, and shortly groceries on the Amazon platform, and we do it with this powerful computer that we hold in our...
Published 07/31/17
The Middle East is now principally an exporter of conflict to the rest of the world. It has lost its strategic position in world oil markets as the US has become a global exporter of oil. The world is also moving rapidly to develop renewable energy. Although that will take decades, Crown Prince...
Published 07/24/17