Financial analyst Karl Denninger has never bought the so-called “recovery” story. Just the opposite is happening right now. He says,“When you look at these indices in the context of the last three or four months, what you see is a deteriorating picture . . . deteriorating employment, deteriorating final demand, deteriorating basically everything.”
In an exclusive interview with the Voice of Russia, Karl Denninger talks about the sustanability of America's debt burden, the future of Medicare and why the Keynisian economics practiced today is a fraud. Karl Denninger is an American businessman, financial pundit, political activist, publisher of The Market Ticker and the author of Leverage: How Cheap Money Will Destroy the World.
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