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Video: Economist Michael Hudson explains the stock market's rollercoaster ride


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Bookforum has posted a video clip of Michael Hudson, professor of economics at the University of Missouri, Kansas City, explaining this week’s volatility of global stock markets. Contrary to received wisdom, Hudson contends that this volatility had very little to do with China, and a lot to do with a false economic recovery since the 2008 financial crisis. Visit the Bookforum website to view the provocative fifteen-minute clip, which originally aired on Democracy Now.

Image via Telegraph UK