{"id":11218,"date":"2015-08-19T06:55:20","date_gmt":"2015-08-19T11:55:20","guid":{"rendered":"http:\/\/olduvai.ca\/?p=11218"},"modified":"2015-08-19T06:55:20","modified_gmt":"2015-08-19T11:55:20","slug":"economic-crisis-goes-mainstream-what-happens-next","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=11218","title":{"rendered":"Economic Crisis Goes Mainstream – What Happens Next?"},"content":{"rendered":"

Economic Crisis Goes Mainstream – What Happens Next?<\/a><\/h3>\n

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Last year, when alternative economic analysts were warning that the commodities crush and oil crash just after the taper of QE3 were blaring signals for a downshift in all other financial indicators, the general response in the mainstream was that we were overreacting and paranoid and that the commodities jolt was temporary. Perhaps the fact needs repeating that it\u2019s not paranoia if they are really out to get you.<\/p>\n

Only a short time later, it is truly amazing how the rhetoric from the mainstream economic yes-men is changing. The blind analysts who were cheerleading for the nonexistent global recovery are now being carefully relegated to the janitor\u2019s closet over at The New York Times, where Paul Krugman\u2019s office should be. Media outlets are begrudgingly admitting to global instabilities like, for instance, a U.S. interest rate\u00a0hike<\/a>\u00a0leading to a return to recession. (Special note to the mainstream media: Take away the fruitless manipulation of indicators through Fed stimulus, and we never left the recession.) They also are now forced to acknowledge that China\u2019s market crash and yuan\u00a0devaluation<\/a>\u00a0have far-reaching implications for global\u00a0crisis<\/a>, whereas a year ago the claim was that China\u2019s problems would stay in China. Even China\u2019s own media are now warning of the chain of fiscally interdependent economies and what the nation\u2019s downturn means for everyone.<\/p>\n

The MSM are finally entertaining the obvious notion that the vast financial problems of the\u00a0EU<\/a>have little to do with the crisis in Greece and more to do with crushing debt obligations and employment problems in primary nations like France and Italy.<\/p>\n

And suddenly, pundits are once again concerned with\u00a0Japan\u2019s<\/a>\u00a0epidemic of mini-recessions and the truth of fiscal contraction that is not just a way of life, but an exponential dynamic that is getting worse fast, rather than staying static.\u00a0<\/span><\/p>\n

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…click on the above link to read the rest of the article…<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

Economic Crisis Goes Mainstream – What Happens Next? Last year, when alternative economic analysts were warning that the commodities crush and oil crash just after the taper of QE3 were blaring signals for a downshift in all other financial indicators, the general response in the mainstream was that we were overreacting and paranoid and that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5994,5993,1851,1154,8261,1921,614,661,8260,662,1920],"class_list":["post-11218","post","type-post","status-publish","format-standard","hentry","category-economics","tag-altmarket","tag-brandon-smith","tag-commodity-price-collapse","tag-interest-rate-policy","tag-mainstream-economists","tag-new-york-times","tag-paul-krugman","tag-qe","tag-qe3","tag-quantitative-easing","tag-us-media"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11218"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11218\/revisions"}],"predecessor-version":[{"id":11219,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11218\/revisions\/11219"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}