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Economic Update with Richard D. Wolff

Democracy at Work - Richard D. Wolff

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Economic Update with Richard D. Wolff is a weekly nationally syndicated program produced by Democracy at Work and hosted by Richard D. Wolff. The program explores complex economic issues and empowers listeners with information to analyze not only their own financial situation but the economy at large. Beyond focusing a critical eye on the economic dimensions of everyday life - wages, jobs, taxes, debts, interest rates, prices, and profits - the program also explores systemic solutions to our ...
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Global Capitalism: Live Economic Update

Democracy at Work - Richard D. Wolff

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Global Capitalism: Live Economic Update is a series of live lectures by Richard D. Wolff in New York City. Programs begin with 45 minutes of updates on recent events, then a Q&A session with the live audience. We hope to develop all participants’ understanding and ability to explain current economic events and trends to others.
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Jobs, Mortgages, Defaults, Output, Fed Policy, How Much Money You Make, How Much Stuff You Buy - All these things matter.. A lot. Rob Stein has spent decades analyzing economic data and he has traveled the country speaking to large groups about what is happening in the economy and what impact it has on consumers. In this monthly podcast, we will break down what major economic indicators are impacting everyday life. We'll breakdown if the economy is healthy, stagnant, unhealthy, etc. Rob has ...
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Commonwealth Bank of Australia’s Global Economic & Markets Research team will cover off on the latest market and economic news and dive deep into the big issues impacting the Australian and global economy. Information in this podcast is of a general nature only. It does not take into account your objectives, financial situation or needs and does not constitute personal financial advice.
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In this week’s episode of Economic Update, Professor Wolff discusses the economic repercussions of Western sanctions and how the retaliations they provoke. We then turn to the latest labor strikes and wage & benefit gains achieved by unions at Boeing and East Coast dock workers. We highlight China's dominance of the global energy markets; and U.S. …
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In this week’s episode we discuss the key drivers of the Australian dollar this week including the US election, RBA and Federal Reserve interest rate announcements, and the expected Chinese economic stimulus announcement. ------ DISCLAIMER ------ Before listening to this podcast, you are advised to read the full Global Economic & Markets Research (…
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On this week’s episode of Economic Update, with the 2024 U.S. Presidential Election only 8 days away, Professor Richard Wolff explores the shared refusal of both major candidates and their parties to face and debate solutions to the grave problems facing US capitalism in 2024: (1) inequality, (2) instability and (3) a declining empire. Instead, we …
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Welcome to episode 13 of Economy Bites. In this episode we are joined by Jing Teow, PwC Middle East's Director of Economics. This month Jing explores the factors driving the current muted response in the oil market, highlights the GCC’s expanding trade agenda and the diversification of trade relations beyond the traditional partners. Jing concludes…
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All eyes were on the Q3 24 CPI data last week. While inflation continues to moderate, the disinflation process is not occurring quickly enough to warrant a rate cut by year end. As a result, we have shifted our base case and now expect the first interest rate cut to arrive in February next year. In this week’s podcast, Head of Australian Economics,…
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On this week’s episode of Economic Update, with the 2024 U.S. Presidential Election 8 days away, Professor Richard Wolff explores the shared refusal of both major candidates and their parties to face and debate solutions to the major problems facing US capitalism in 2024: (1) Inequality, (2) instability and (3) a declining empire. Instead we are wi…
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In this episode, Carol Kong and Kristina Clifton talk through the key economic data in Australia and the US that can drive currencies this week. They also discuss their expectations for the Japanese yen given the Bank of Japan’s policy meeting and political uncertainty. ------ DISCLAIMER ------ Before listening to this podcast, you are advised to r…
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After a quiet weekly locally the data flow ramps up with the release of the important September quarter inflation figures. Senior Economists Belinda Allen and Stephen Wu deep dive in the expectations for the Q3 24 CPI and what it means for the RBA. Retail trade data and the ABS HSI measure is released for September and can partially settle the deba…
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This week's Economic Updates focuses on CA Gov Newsom signs law banning "legacy and donor" favoritism in private college admissions to foster a "merit system," as well as analyzes the Milei regime in Argentina imposing austerity on Argentina: masses suffer to pay off debts that enriched the few in classic ways. Interview with economics Professor Ia…
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On this week’s episode of Economic Update, Professor Richard Wolff discusses the new law signed by California Governor Gavin Newsom banning "legacy and donor" favoritism in private college admissions to foster a "merit system." We also bring your attention to Javier Milei and his regime in Argentina as they impose austerity measures on the country:…
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On this week’s episode of Economic Update, Professor Richard Wolff discusses how FED Chair Jerome Powell admits capitalism's intrinsic instability, a Tennessee plastic plant won't let workers leave before storm Helene hits, we examine new drugs for obesity (Ozempic and Wegovy) which highlights the failures of for-profit medical care. Finally, we in…
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Kristina Clifton and Joseph Capurso discuss the top three influences impacting currency markets including the upcoming US election, interest rate differentials which have moved in favour of the Australian dollar, and the Bank of Canada’s interest rate decision this week. ------ DISCLAIMER ------ Before listening to this podcast, you are advised to …
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The strength of the labour market continues to surprise. In this week’s podcast, Economist Harry Ottley and Senior Economist, Belinda Allen discuss the recent strength in the Australian labour market and outline the implications for the RBA. They also talk through some of the thematic research the Aussie economics team published last week on inflat…
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On this week’s episode of Economic Update, Professor Richard Wolff discusses how FED Chair Jerome Powell admits capitalism's intrinsic instability, a Tennessee plastic plant won't let workers leave before storm Helene hits, we examine new drugs for obesity (Ozempic and Wegovy) which highlights the failures of for-profit medical care. Finally, we in…
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The global interest rate cut cycle has started. And there are many more interest rate cuts ahead across most major economies. CBA’s view is that the interest rate cuts will improve global economic outlook in 2025. In the latest podcast, Joseph Capurso, Head of International and Sustainable Economics, and John Oh, Sustainable Economist sit down to d…
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The CommBank HSI fell by 0.7% in September as consumers pulled back spending after the Father’s Day boosted splurge in August. Stephen Halmarick, Chief Economist and Harry Ottley, Economist discuss the all the key takeaways from the September HSI in today’s podcast. ------ DISCLAIMER ------ Before listening to this podcast, you are advised to read …
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In this week’s episode Kristina Clifton and Joseph Capurso discuss the top influences on currency markets this week including Chinese fiscal stimulus, Australian labour market data, the NZ CPI and the ECB’s interest rate announcement. ------ DISCLAIMER ------ Before listening to this podcast, you are advised to read the full Global Economic & Marke…
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In this weeks podcast, Head of Australian Economics, Gareth Aird and Economist Harry Ottley talk through the RBA’s less hawkish communication from last week and touch on the private sector surveys that were released. They then move on to preview this week, with the September labour force survey in focus. ------ DISCLAIMER ------ Before listening to…
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On this week’s episode of Economic Update, Professor Richard Wolff discusses the modern political history in the United Kingdom as Conservatives protect UK corporations and the rich by employing 'distractions': first Brexit, and now Ukraine. We then turn to the latest worker uprising this time in Washington state, as workers at Boeing strike and de…
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On this week’s episode of Economic Update, Professor Richard Wolff discusses the modern political history in the United Kingdom as Conservatives protect UK corporations and the rich by employing "Distractions": First Brexit, and now Ukraine. We then turn to the latest worker uprising this time in Washington state, as workers at Boeing strike demand…
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In this week’s episode Kristina Clifton and Joseph Capurso discuss the top three influences impacting on currencies markets including Middle East conflict, potential fiscal stimulus from China and the Reserve Bank of New Zealand’s interest rate decision. ------ DISCLAIMER ------ Before listening to this podcast, you are advised to read the full Glo…
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On this week’s episode of Economic Update, Professor Richard Wolff addresses the numerous requests for financial planning or investment advice that he receives from many of you. We touch on the truth about investing in the stock and/or bond markets. In addition, Professor Wolff offers a basic understanding of the economics of US capitalism's centur…
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In this weeks podcast, Stephen Wu and Harry Ottley talk through the current crosscurrents in the spending data in Australia and explain why the date of fathers day likely boosted the August retail trade figure. They also break down the other economic data from last week and preview a busy upcoming week of communication from the RBA. ------ DISCLAIM…
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Kristina Clifton and Joseph Capurso discuss the top there influences on currencies this week including US labour market data, the possibility of more Chinese economic stimulus and the new Prime Minister in Japan. ------ DISCLAIMER ------ Before listening to this podcast, you are advised to read the full Global Economic & Markets Research (GEMR) dis…
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Last week the RBA held rates and the August monthly CPI dipped to 2.7%/yr, both as expected. Belinda Allen and Stephen Wu from the Australian Economics team deep dive into the RBA meeting, including a less hawkish press conference as well as the broadening disinflation trend in the August data. Stephen also discusses how the energy rebates will imp…
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On this week’s episode of Economic Update, Professor Richard Wolff offers a special episode to continue the previous discussion on communism. We will discuss how socialism's history evolved into separating socialism from communism and creating multiple, different meanings of what is considered communism today.…
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In this podcast, Kristina Clifton sits down with Carol Kong to talk through all the stimulus measures announced by the Chinese authorities this week and their implications for the Chinese economy. We continue to expect the government will deliver more fiscal stimulus soon. The risk remains China’s economic growth will undershoot our forecast of 4.9…
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On this week’s episode of Economic Update, Professor Richard Wolff offers a special episode discussing the unscary origins of the ideas of communism and socialism before the Cold War demonized them. We will discuss how socialism's history evolved into separating socialism from communism and creating multiple, different meanings of what is considere…
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