Where Will the Next Economic Bubbles Rise? – Robert Reich

March 30th, 2010 | by admin |

Complete video at: http://fora.tv/2010/01/22/Robert_Reich_Bank_of_America_Annual_Economic_Forecast

Former U.S. Secretary of Labor Robert Reich warns easy money and stimulative policies may be creating the next global economic bubbles. He speculates that the two most worrisome candidates within the next year are commodities and China.

—–

Is the U.S. economy showing signs of recovery, as some indicators suggest, or are these assertions dangerously premature?

Having served in three administrations, former U.S. Secretary of Labor Robert Reich is uniquely positioned to share his take on the 2010 economic outlook for California, the U.S., and the rest of the world in this year’s annual installment of the Walter E. Hoadley Economic Forecast. – Commonwealth Club

Robert Reich is professor of public policy at the Goldman School of Public Policy at UC Berkeley. He served in three national administrations; his articles appear frequently in The New York Times and The Washington Post, and he is a commentator for American Public Media’s “Marketplace,” heard on NPR.

Duration : 0:2:18


[youtube UHiPpZP1qV0]

  1. 21 Responses to “Where Will the Next Economic Bubbles Rise? – Robert Reich”

  2. By xnextx on Mar 30, 2010 | Reply

    @bigsteelguy Don’t …
    @bigsteelguy Don’t forget “False scarcities” and “technology oppression”

  3. By MaryWaterton on Mar 30, 2010 | Reply

    The biggest bubble …
    The biggest bubble in history is right under his nose and he can’t see it … the U.S. TREASURY BOND BUBBLE.

  4. By adsense1 on Mar 30, 2010 | Reply

    Robert Reich is a …
    Robert Reich is a deep thinker. I can’t remember when I’ve heard such a complete and insightful answer to a question…..sheesh….That was hard to listen too.

  5. By bigsteelguy on Mar 30, 2010 | Reply

    What are the …
    What are the Solutions to our problems?

    1. A change in Value system
    2. A change in the Education system, and an awakening of the people
    3. Applying Technology and the Scientific method to solve problems.
    4. Create an Abundance of goods and materials for all of mankind, using Automation and self sustaining ways.
    5. Change the way we see each other on this planet and our selves
    6. Redesign our entire culture from the ground up and get rid of this monetary system

  6. By bigsteelguy on Mar 30, 2010 | Reply

    Technological …
    Technological Unemployment

    Look it up

    Reasons for Economic collapse
    1. Hyperinflation=devalue of our currency (Fed)
    2. Value system
    3. Technological Unemployment
    4. Wars
    5. Bailouts
    6. Outsourcing of Jobs
    7. the Greed of Bankers, CEO’s, and Politicians
    8. Our own Ignorance and stupidity
    9. Oil companies raking in Profits/without letting a civilization move towards alternatives
    10. Too many Laws, Rules and Restrictions
    11. An Unaware and Uneducated Public

  7. By johnlepo on Mar 30, 2010 | Reply

    Then property is …
    Then property is the bubble. I was just commenting that calling a country a bubble isn’t very specific. Ireland had a property bubble and that virtually collapsed the economy, so I suppose in some ways ‘Ireland’ is a bubble. Albeit not a very big one.

  8. By italianchappy on Mar 30, 2010 | Reply

    In 2009 property …
    In 2009 property sales in china surged 75 % (seventy-five) thanks to government stimulus. Nearly all the new buildings are empty, not located. If that’s not a bubble what is ?

  9. By freesk8 on Mar 30, 2010 | Reply

    I’d like to see …
    I’d like to see this guy debate Peter Schiff or Jim Rogers.

  10. By johnlepo on Mar 30, 2010 | Reply

    China is a very …
    China is a very vague answer. Property in Ireland was a bubble, China as a country sin’t, considering their considerable industrial growth. As I said in a previous post, cap and trade is a likely contender.

  11. By johnlepo on Mar 30, 2010 | Reply

    cap and trade is …
    cap and trade is likely to be another bubble. A very obvious one at that, strange that he didn’t mention it. Well… actually not that strange as it’s at the heart of the capitalist ideological way of dealing with climate change,

  12. By zutroy1 on Mar 30, 2010 | Reply

    Erm, yes he did …
    Erm, yes he did answer the question and very specifically. 1 – commodities and 2 – china. These are the markets he thinks risk being the next bubbles

  13. By mrconradhoppe on Mar 30, 2010 | Reply

    they buy silver in …
    they buy silver in china on ebay

  14. By thetimman00 on Mar 30, 2010 | Reply

    I just was hearing …
    I just was hearing the audio and had to go look to see from whence the turds were emanating.

  15. By Elzon1 on Mar 30, 2010 | Reply

    You know…. he …
    You know…. he didn’t answer the question: WHERE will the next economic bubbles rise?

    He pretty much just that there is a good chance more bubbles will rise, but he didn’t say where.

  16. By Vintage4 on Mar 30, 2010 | Reply

    Gold is going a lot …
    Gold is going a lot higher what this guy doesn’t get is that america is in debt to china for who how many trillions of dollars. High gold prices reflect a weak dollar and the high risk of inflation. When everyone realizes that they cant sell there houses there are no jobs and the only why can live is on borrowed money from a bank that wouldn’t even be around if the government didn’t bail them out. The fed cant raise interest rates because all the banks will fail again.

  17. By marsCubed on Mar 30, 2010 | Reply

    It is your money, …
    It is your money, your life, invest in something you believe in and be an expert in it. then it is also fun, and if you lose, then it was for a cause.
    all the abstract stuff is boring and lazy which is why the salesmen take their too big a share, drags ppl down for numbers on a page.
    anyways.. it is getting better, people are thinking again.
    health food which is actually healthy.
    ethical, green tech, robotics, health and biotech.
    The world is our oyster when we dump the magic.

  18. By marsCubed on Mar 30, 2010 | Reply

    I read in the UK …
    I read in the UK Guardian that the next bubble was in commodities like gold. ’safe’ investments are becoming over priced; newbies think they have an angle (too late).
    A rule I use is to cost of replacement (labour time as guide) and stay away from hype, especially, from the right magic market lovers.
    investment should do what it says on the box; solar panels is good IMO. backed by Govt too, boring but useful and makes the world a better place. then read 30 times more than you want to about it.

  19. By gzX9bVq6k on Mar 30, 2010 | Reply

    the only bubbles …
    the only bubbles are going to come from the sales of guns and services from funeral parlors.

  20. By return135 on Mar 30, 2010 | Reply

    meh. he may be …
    meh. he may be somewhat right about china but i think hes wrong on commodities.

  21. By AnotherBadDream on Mar 30, 2010 | Reply

    I wish
    I wish

  22. By ObserversEyes on Mar 30, 2010 | Reply

    I think Gold is …
    I think Gold is overpriced right now. It may still go up in the near future, but I wouldn’t be surprised if by this time next year it’s around $ 600 an ounce.

Post a Comment