https://tankie.tube/videos/watch/6fa43e1b-b372-41c4-932b-95caf9b1704e The stock market crashed on August 5, in a new "Black Monday". What caused it? Is the USA on the verge of a new financial crisis? Ben Norton is joined by economist Michael Hudson to discuss the extreme volatility, AI / Big Tech bubble, Japanese yen carry trade unwind, Chinese economy, and geopolitical dangers. Transcript: https://geopoliticaleconomy.com/2024/08/07/stock-market-crash-financial-crisis-michael-hudson/ Check out Geopolitical Economy Hour, the program Michael Hudson hosts with Radhika Desai, here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP His website: https://michael-hudson.com Topics 0:00 Teaser 0:54 Why did the stock market crash? 8:19 Is the US economy entering a recession? 12:36 Japan and the yen carry trade unwind 27:14 China's economy 32:41 Popping of the AI / Big Tech bubble? 46:05 Geopolitics: Russia, Ukraine, Israel, Iran 54:19 Re-inflating the bubble? 1:03:51 Can't the debt be rolled over? 1:07:27 Asset price inflation vs consumer price inflation 1:11:29 Capital gains grow faster than the economy 1:13:12 What is missing from most economic analysis? 1:26:05 Outro || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com Wed, 08 Apr 2026 23:07:46 GMT https://validator.w3.org/feed/docs/rss2.html PeerTube - https://tankie.tube https://tankie.tube/lazy-static/avatars/3ba3ff73-a8b6-49c9-add8-9653ef090c7f.webp https://tankie.tube/videos/watch/6fa43e1b-b372-41c4-932b-95caf9b1704e All rights reserved, unless otherwise specified in the terms specified at https://tankie.tube/about and potential licenses granted by each content's rightholder.