Jack reviews today’s just released jobs numbers confirming his prior

prediction jobs growth would slow in wake of US GDP slowdown last

quarter. Plus an overview of US economy and a prediction of recession in

early 2017. In the second half of the show, a review of latest

developments in global economy--with commentary on how the IMF

outmaneuvered the Syriza government in Greece again, the likelihood of

UK ‘Brexit’ from the EU, $10 trillion in negative interest rates and

more than $10 trillion in global non-performing bank loans, the recent

G7 meeting in Japan and prime minister Abe’s warning of another ‘Lehman

event’ on the horizon, the European Central Bank’s recent decision to

now buy corporation bonds, like Japan, China’s rotating financial asset

bubbles, eventual currency devaluation, capital flight, corporate

bankruptcies, and out of control private sector debt acceleration. (see

jackrasmus.com blog for  recent articles, ‘Is US Economy Heading for Another Recession?’ and ‘How the IMF outmaneuvered Syriza—Again’)