Tuesday, 27 September 2016

Keiser Report (E971): Earthquakes & Economy

In this episode of the Keiser Report Max and Stacy look at the geology of earthquakes in order to understand economics and finance. In the second half Max interviews Pierre Jovanovic, author of the upcoming book, The History of John Law, about the matter of Madame Christine Lagarde and about the current economic crisis in the tourism industry of France.

The fall off of tourism is having a big impact on the already weak French economy where Jovanovic points out the impact of terrorism. However, there is also the fact that Paris is awash with unemployed migrants that discourages tourism. The situation will not get much better because there is not an abundance of low skilled jobs. Furthermore the French welfare state encourages these people to stay where they are rather than returning to their countries of origin (putting a burden on the national budget). 

[Posted at the SpookyWeather blog, September 27th, 2016.]

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