This course is about the Global Economy today, why it is slowing, growing economically and financially more unstable, and continues on a course toward another major crisis event like 2008-09 and likely even worse.

Initial class sessions will look at the general condition globally and official forecasts by the IMF, World Bank, and others that consistently over-estimate the deteriorating conditions. The narrative will then look at the four major regions and the conditions within each today--i.e. China, Europe, Japan, Emerging Markets like Brazil and others, and the US in relationship to each.  The second section of the course looks in depth at the 9 key trends that are driving the global economy toward greater system instability and the next crisis. Both financial and real conditions are considered, as well as fiscal-austerity and monetary-central bank policies' contributions to that instability. The third section considers why mainstream economics repeatedly fails to understand the relationships between financial cycles and crises and the real economy--especially the new role of shadow banks, the new finance capital elite, and the growing relative shift to financial investing and speculation that is destabilizing the global economy.  Alternative economic approaches--Marxist and Minskyan--are then considered, with their contributions and limits.

The class sessions conclude with a discussion of the class instructor, Jack Rasmus, new theory of global financial instability.