As stock market crashes, is US facing new financial crisis Economist Michael Hudson explains

The stock market crashed on August 5, in a new Black Monday. What caused it Is the USA on the verge of a new financial crisis Ben Norton is joined by economist Michael Hudson to discuss the extreme volatility, AI, Big Tech bubble, Japanese yen carry trade unwind, Chinese economy, and geopolitical dangers. Check out Geopolitical Economy Hour, the program Michael Hudson hosts with Radhika Desai, here: His website: Topics 0:00 Teaser 0:54 Why did the stock market crash 8:19 Is the US economy entering a recession 12:36 Japan and the yen carry trade unwind 27:14 China s economy 32:41 Popping of the AI, Big Tech bubble 46:05 Geopolitics: Russia, Ukraine, Israel, Iran 54:19 Reinflating the bubble 1:03:51 Can t the debt be rolled over 1:07:27 Asset price inflation vs consumer price inflation 1:11:29 Capital gains grow faster than the econo