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Economic Crisis in Focus at Forum

Alameda Public Affairs Forum invites community members to a talk on the U.S. economy in the third phase of the global economic crisis at 7 p.m. this Saturday, April 12, at the Main Library.

The speaker is Jack Rasmus, who will share his analysis of the current state of the U.S. economy, in the midst of today’s slowing global economy. Rasmus will explain why the global economic crisis is entering its third phase since the 2008 crash. He teaches economics and politics at St. Mary’s College in Moraga.

According to Rasmus, there are growing indications of financial instability and slower growth in China; Europe is mired in a slow drift toward deflation and stagnation; the emerging markets (Brazil, India, Turkey, Indonesia, etc.) have growing financial and economic volatility; and Japan is unable to stimulate its long-stagnant economy.

These themes will be discussed by Rasmus, along with the following questions: With fiscal policy having failed, or worsened, and while economic recovery and central banks monetary policies of “quantitative easing” and zero interest rates are globally generating counterproductive results, what is next for the U.S. and global economy?

Community members are asked to come by at 6:30 p.m. for a potluck of refreshments and snacks to share with friends and neighbors. Admission is free, but donations are welcome.

Park and enter through the back area of the library.

Janet Levaux