and joining us now to discuss is host of economic up there professor richard wolffe richard a professor wolf it's always a pleasure to have you on the show i think there is a big question here when we talk about the cancellation of these trade talks is this trade deal dead. absolutely not let me be as clear as i know how to. listening to president trump explain that he won't talk to john or because of what they did to these current treat he's a desperate effort to transfer the blame for not being prepared to recall the virus from not being able to search any note for the rule of fact that the united states were ordered standard beat world's population of the world that's 25 percent not the whole the and the corridor deaths the blame not on china which no one else in the world can see it is an extraordinary act having said that the rhetoric i'm proud china is not matching my words let me give you 2 examples the last week surveys were done big businesses in hong kong with all the noise about what the chinese did in reasserting their authority no one in china no major business is leaving c

to discuss this and more i'm joined by my guest richard wolffe in new york he's a professor emeritus of economics at the university of massachusetts amherst as well as the author of the recent books understanding socialism and understanding marxism and in chicago or which he has a chief marketing strategist bubba trading all right gentleman stop rules in effect that means you can jump in time you want and i was appreciate time let me go to you as you just heard in my introduction you know that we have an ongoing deep recession i think as of this morning the i.m.f. came out with their global projections and a contraction of about 5 percent globally the u.s. doesn't do much better the industrialized world is more or less in the same position but at the same time as i said you know we how the wealthiest among us reaping in enormous revenues and profits here and the unemployment depending on who you want to look at it's 13 maybe 17 percent and that's not going to go away any time soon so what's really happening with the the economy or it's a recession deep recession for many and it's a g

to discuss this and more i'm joined by my guest richard wolffe in new york he is a professor emeritusof economics at the university of massachusetts amherst as well as the author of the recent books understanding socialism and understanding marxism and in chicago or which he has a chief marketing strategist bubba trading all right gentleman rules in effect that means you can jump in time you want and i was appreciate time let me go to you as you just heard in my introduction you know that we have an ongoing deep recession i think as of this morning the i.m.f. came out with their global projections that under a contraction of about 5 percent locally.

to discuss this and more i'm joined by my guest richard wolffe in new york is a professor emeritus of economics at the university of massachusetts amherst as well as the author of the recent books understanding socialism and understanding marxism and in chicago or which he has a chief marketing strategist bubba trading all right gentleman rules in effect that means you can jump in while i was appreciate time let me go to you as you just heard in my introduction you know that we have an ongoing deep recession i think it . this morning the i.m.f. came out with their global projections are a contraction of about 5 percent globally the us s. and do a whole much better the industrialized world is more or less in the same position at the same time as they say you know we have the wealthiest among us reaping in enormous revenues and profits here and the unemployment depending on who you want to look at it from 13 maybe 17 percent and that's not going to go away any time soon so what's really happening with the the economy or it's a recession deep recession for many and it's a goal the last t