Keep up with the news by installing RT’s extension for . Never miss a story with this clean and simple app that delivers the latest headlines to you.


Steve Keen on private money creation and the myth of fractional reserve lending

20.11.2012 08:30
Download video (201.87 MB)

Welcome to Capital Account. Just 30 percent of S&P 500 companies beat top-line expectations, while about 65 percent beat earnings expectations in the third quarter, according to Bloomberg. Also, half of the nation's 40 largest publicly traded corporate spenders have announced plans to reduce capital expenditures this year or next, according to a Wall Street Journal review of securities filings and conference calls. The report also found that US companies are scaling back on plans to invest at the fastest pace since the Great Recession. Since companies are cutting costs and spending, what impact will this have on a US recovery? We talk to Steven Keen, author of ‘Debunking Economics,’ about the indicators of a sustainable economic recovery.

­Follow us @


Add comment

Authorization required for adding comments

Register or



Show password


or Register

Request a new password


or Register

To complete a registration check
your Email:


or Register

A password has been sent to your email address

Edit profile



New password

Retype new password

Current password



Follow us

Follow us