Friday , November 16 2018
Home / Ann Pettifor: Debtonation / Gyrating stock markets and the new Fed – discussion on BBC2’s Newsnight

Gyrating stock markets and the new Fed – discussion on BBC2’s Newsnight

Summary:
Together with Gillian Tett of the Financial Times, Ann Pettifor appeared at the top of the Newsnight show on Tuesday, 6th February. After the stock market gyrations of the last few days, the discussion majored on whether viewers had once again to prepare for the worst. Ann argued that the economic model adopted after the crisis – of massive liquidity injections by central banks (QE or monetary easing) coupled with fiscal contraction (‘austerity’) had failed the public. A new model, of monetary tightening (higher interest rates and fewer asset purchases) together with President Trump’s fiscal expansion (to pay for tax cuts) was rightly perceived as a threat to the global economy. You can watch the show here, on the BBC’s Iplayer. Related Posts

Topics:
Ann Pettifor considers the following as important:

This could be interesting, too:

Ann Pettifor writes Speech to the Rethinking Economics Conference, Oslo

Ann Pettifor writes Could Universal Basic Income reduce inequality?

Ann Pettifor writes Could Universal Basic Income reduce inequality?

Ann Pettifor writes Discussion and debate on UBI on TRT

Together with Gillian Tett of the Financial Times, Ann Pettifor appeared at the top of the Newsnight show on Tuesday, 6th February. After the stock market gyrations of the last few days, the discussion majored on whether viewers had once again to prepare for the worst. Ann argued that the economic model adopted after the crisis – of massive liquidity injections by central banks (QE or monetary easing) coupled with fiscal contraction (‘austerity’) had failed the public. A new model, of monetary tightening (higher interest rates and fewer asset purchases) together with President Trump’s fiscal expansion (to pay for tax cuts) was rightly perceived as a threat to the global economy. You can watch the show here, on the BBC’s Iplayer.

Ann Pettifor
I’m Ann Pettifor, author and analyst of the global financial system, and co-author of The Green New Deal (2008). I predicted an Anglo-American debt-deflationary crisis back in 2003, and in September, 2006 published The Coming First World Debt Crisis (Palgrave). I am known for my work on the sovereign debts of low income countries and for leading an international movement for the cancellation of debts, Jubilee 2000.

Leave a Reply

Your email address will not be published. Required fields are marked *