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Top Economist Proves Financial Crisis In 7 Minutes

Summary:
Join ~10,000 others in downloading my free 'Funny Money' Bundle (2 books, worth ): new.stevekeenfree.com Engineers, Finance, and IT Pros: Learn 50+ years of Real Economics in only 7 Weeks. Weekly with me. Learn more: apply.stevekeenfree.com -- Who is Dr. Steve Keen? Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers,

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Who is Dr. Steve Keen?



Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which models financial crises. Dr. Keen's contributions are crucial for anyone seeking a deeper understanding of how economic systems can impact technological and financial environments. His teachings offer valuable insights into the economic forces shaping our world. By following his analysis, professionals can gain a better grasp of economic dynamics that influence their fields.
Steve Keen
Steve Keen (born 28 March 1953) is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay.

41 comments

  1. Riveting stuff

  2. @harryturnbull1884

    And I assumed that historical unravelling of various crises was going to give us a pointer to today. Hmmph.

  3. You spoil us Steve! I've digested a plethora of macroeconomic/markets oriented channels here on Youtube over the years and the only two that I can still stomach are you and Adam Taggart. You get the very best and spot on facts and ask thought provoking and unbiased questions that help listeners like myself better understand the complex forces driving our world today. More importantly, thank you for recommending Abby Joseph Cohen Services my investment portfolio with her has been quite sustaining

    • Steve really is something special. Please think of supporting him (if you don't already, which maybe you do).

    • Same here, I got to know about Abby Joseph Cohen Services on here in 2021. Since then I've paid off 160,000 USD of debt. Now I'm working on building an emergency fund. I didn't even have a savings account three years ago.

    • Same here, I got to know about Abby Joseph Cohen Services on here in 2020. Since then I've paid off 160,000 USD of debt. Now I'm working on building an emergency fund. I didn't even have a savings account three years ago.

    • I know this FA, Abby Joseph Cohen Services but only by her reputation at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month

    • ​@@LeahDLitWell her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

  4. Proves climate changes as well

  5. The seven-minute economist.

  6. When is the seven-minute house price predictor coming out?

  7. @FreemonSandlewould

    There are no real ecological crisis. Just a bunch of grifts and con jobs like global warming.

  8. Larry Summers, Rubinstein, and Barney Frankfurter caused it on purpose! Well, they weren't the only ones. But some of the most important.

  9. I hope youre not trying to piggyback "climate change" on your economic analysis. That would negate all of your legitimacy.

  10. I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brittany Utley for helping me achieve this.

  11. The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future.

    • It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days

    • Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.

    • Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.

    • Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

    • Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

  12. Is the same negative sharp drop happening now? 2024 on your graph? Be good to see a video prediction of 2024.

  13. how about 2024

  14. So where are we now? Ready for another plunge?

  15. Do an in-depth analysis of the New Zealand economy 👍

  16. @grahamsmithwick6822

    QUESTION: After Fed lowered interest rate by whopping 1/2% on Sept 18, 2024, what is the CURRENT "Private Debt to GDP Ratio"? GOOD TO KNOW How close we are to that 2008 plunge from 175% to 165% in US Private-Debt-to-GDP that brought down Credit-%-GDP by 20% from +15% to -5% !

  17. Does ravel have a python api?

  18. everyone in the know saw the financial crisis coming

  19. @nomadlivecast9708

    @ProfSteveKeen Thanks for presenting "ravel". So this is just a visualisation of the 2008 debt bubble that apparently led to a massive crash of the debt market and as a consequence housing market right ? You could theoricaly trought this tool not forecast but visualise many scenarios by creating hypotethical future economical data right ? (gdp, cpi all the rest of it)

  20. Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

    • @JacquelinePerrira

      I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

    • The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

    • please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

    • @JacquelinePerrira

      'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

    • She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

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