Michael Hudson: Finance Capitalists Moving Money to Private Equity and Real Estate

Michael Hudson gave this short interview about what finance capitalists are up to.
Apparently at least part of the recent stock market turbulence is because finance capitalist are losing confidence in the stock and bond markets. Instead they are moving their money to real estate and capital gains.
This will result in higher mortgage interest rates. In addition, inflation has a global layer because Yankee consumers must pay higher prices for imported goods, with money they don’t have. Financial speculators will also raise rents which will add more weight to the current homelessness problem.

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