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The boom-bust cycle is stripped of innocence.
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The boom-bust cycle is stripped of innocence.
He argues that China's deflation spiral makes that negotiation path difficult because consumers who feel pessimistic about the future will not borrow and spend more.
"...consumer. The problem, though, is that because China is in the deflation spiral, this means the Chinese consumer is not that optimistic about the..."
"...world. Because at this time in history, Japan is suffering from deflation. Right? No one's spending any money. So what the government does is..."
"...their own oil. And the Japanese economy has been in a deflation spiral for the past 20, 30 years. Okay. But when, when all..."
"...Are we going to have inflation? Are we going to have deflation? Both are horrible. It I don't once the dollar goes is no..."
Jimmy Dore brings Jiang on because an earlier prediction seems to have landed: Trump is back, the United States is now at war with Iran, and a forecast once dismissed as wild suddenly looks...
The interview begins with a European emergency and ends in the Caribbean, but Jiang treats both as one argument: Washington is willing to let allies absorb the blast radius while using regional pressure to...
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