[141] Peter Schiff on US econ & Lacy Hunt on ineffectiveness of monetary policy
As the World Cup begins, the Brazilian economy is in need of a boost. Growth has been decelerating for a couple of years now. While the economy was growing at 7.5 percent in 2010, growth was down to a meager 2.3 percent last year. Edward takes a look at how the Cup might affect the Brazilian economy.
Then, we bring you part two of our interview with Peter Schiff who discusses the current state of the US economy. Schiff talks about debt, inflation, and Federal Reserve policy. After the break, Erin brings you her conversation with Dr. Lacy Hunt who believes that monetary policy is not effective with such high levels of debt in our economy.
For today's Big Deal, Edward Harrison sits down with Breaking the Set producer Manny Rapalo to talk about the World Cup, Brazil, and international soccer.
If Greece doesn’t secure funding from its European partners by April 20 it will officially run out of money. In February, Athens agreed to an extension of its €240 billion international bailout, but the money is frozen until a set of reforms is decided upon. In order to get more cash, Greece has promised a catalog of reforms intended to make its economy competitive and its public finances sustainable. Erin weighs in.
Then, Erin sits down with Gerald Celente – author and publisher of the Trends Journal. Gerald tells us if a Grexit or “Grexident” will happen and gives us his take on the threat Greece faces from radical political parties like Golden Dawn.
After the break, Erin is joined by David Merkel – president of Aleph Investments and author of “The Aleph Blog.” David tells us what he makes of major companies buying a lot of their shares and gives us his take on if the fall in oil prices will help or hurt capital investment.
And in The Big Deal, Erin and RT correspondent Manuel Rapalo discuss Facebook’s plan to incorporate more news in your feed.
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Thursday is here and Boom Bust is ready. We’re taking a look at Qatar as it takes to the skies, wanting to buy a 10% stake of American Airlines. Trump takes aim at Venezuela with even more sanctions while Lindsay France comes to us from across an ocean with special Brexit coverage as the landmark decision turns 1. Theresa May looks to the future of her as the EU waits to hear how the UK will protect EU citizens. The Senate has released its health care bill and Bianca Facchinei gives us a look at the ‘Trumpcare’. That and more on today’s Boom Bust!
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In order to combat the ongoing energy shortage facing the globe, China has turned to coal to ease the pressure. David McAlvany joins the program to discuss the measures from the world's second-largest economy and the state of energy the world over. (1:01)
Then we turn to Scotland, where major world leaders are meeting to discuss the threat of climate change. Public Citizen's Tyson Slocum lends his insight into the measures being undertaken and the promises being made. (7:01)
And stablecoins are finding themselves in the crosshairs of U.S. regulators. Christy Ai joins us from California to discuss the idea and what role the crypto plays. (18:02)
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NO show does it like this. It’s TIME TO DO NEWS AGAIN with Rick Sanchez
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Steve Malzberg sinks his teeth into the slander, hypocrisy, bias and lies of MSM. MMM…Delicious! Eat The Press: http://bit.ly/EatThePress
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With renewed fears of a hard Brexit, the British pound has slipped against the U.S. dollar. We break it down and what it means for the future of trade in the EU with Hilary Fordwich of the British-American Business Association. And as the opioid crisis continue to rock the United States, a new audit has revealed the latest on the funds of the Sackler family. RT’s Alex Mihailovich joins the program to bring us up to speed on the state of the Sackler situation. Plus, as 2020 approaches, could the oil sector see a major beating? David McAlvany of McAlvany Financial lends us a hand to drill into the state of oil bankruptcies.
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The Dow Jones reached new lows in less than 5 days; Melissa Armo and Naeem Aslam join Bart Chilton to discuss this sudden market upheaval. The Senate banking committee discussed cryptocurrencies with the SEC and a CTFC chairman; Bart Chilton talks with Jared Anderson about the hearing. Rounding us out, Wells Fargo is back in the cross hairs as Erich Reimer returns.
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Hedge funds hedge their bets on big data.
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In an effort to curb an economic decline, China’s central bank lowered its benchmark lending rate along with its reserve requirements and Eurozone government bond yields have dropped to record lows after the ECB signaled it was considering more QE. Ameera David weighs in. Then, Ameera sits down with Bryan Caplan – professor of economics at George Mason University – to talk about immigration.
After the break, Bianca Facchinei takes a look at the latest in Puerto Rico’s debt crisis, American Airlines earnings, and Mexico’s hurricane preparation. Afterwards, Edward Harrison talks with Gary Leff – co-founder of milepoint.com – to talk about the travel industry. And in The Big Deal, Ameera and Edward discuss Amazon.
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The Coronavirus continues to sweep across the globe, affecting several sectors of the Chinese economy. We take a deep dive into the specifics of how the virus slammed not only the nation’s manufacturing base, but markets around the globe. Plus, the U.K. has finally broken from the EU after years of controversy. We’ll analyze what the future holds for a post-Brexit Europe.
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It was a tragic scene in Philadelphia on Wednesday, a day after an Amtrak train derailed, leaving seven people dead and dozens more injured. It’s believed to be the worst accident along the Northeast corridor since 1987. While investigators are hard at work determining the cause of the crash, others are left determining how to get to and from the places that are now obstructed as a result. Boom Bust guest host Ameera David weighs in.
Then, Erin is joined by Jim Rickards – chief global strategist at West Shore Funds and author of “The Death of Money.” Jim tells us that he thinks that the depreciation of the dollar will take some pressure off the US economy but that the US economy still remains weak. His view is that the Fed has tightened into weakness as data from the Atlanta Fed shows second quarter GDP growth tracking at 0.7%. Rickards says the Fed’s data dependence would suggest it will hold its fire on rate increases. Jim also gives us his take on the future of Greece and Europe, the threat of contagion and the chances of a Greek default or Grexit.
After the break, Bianca gives us a look at other major business headlines of the day including an attempt to put Harriet Tubman on the $20 bill, the Trans Pacific Partnership, student loan debt, and T-Mobile.
Afterwards, Ameera is joined by Lionel – Emmy-award winning news decoder, trial lawyer, and legal analyst. Lionel tells us if he thinks the Amtrak crash was a long time coming and gives us his take on why interest rates are so low.
And in The Big Deal, Ameera and Edward Harrison further discuss infrastructure, looking specifically at Europe and China. They also take a look the latest data out of Europe that contrasts to weak data in the US. Edward’s view is that US data weakness is not just about the consumer but a broad-based decline based on trade numbers, capital investment and inventories, putting the Fed in a bind on its desire to raise rates.
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