Italian bank Monte Dei Paschi is cutting 2,600 jobs and closing 500 branches. Plus, Wells Fargo could lose $8 billion in the fallout from its fraudulent practices. Ameera David has the details. Then, Harry Fear reports from the Calais refugee camp in France as authorities evict thousands that have taken up residence there. Bianca Facchinei then takes a look at the latest polling out of Iceland that shows the Pirate Party possibly in a winning position for the upcoming elections. After, Marina Portnaya breaks down how Puerto Ricans in Florida are exercising their political clout in the race for the presidency. After the break, Marshall Auerback of the Levy Economics Institute talks about everything from the AT&T-Time Warner merger to the Trans-Pacific Partnership. And finally, in The Big Deal, Edward Harrison examines Europe’s economic malaise and how it compares to the U.S. Take a look! Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT https://www.facebook.com/harrison.writedowns https://www.facebook.com/biancafacch ... https://www.youtube.com/watch?v=0oGfLI2-gBU

ORIGINAL AIR DATE: APRIL 15, 2016 Boom Bust’s Edward Harrison interviews David Lipton, the Deputy Managing Director of the International Monetary Fund. The IMF has recently downgraded its global growth forecasts and David talks to what the risks are and what particular policy responses can mitigate asymmetric downside risks. He also notes that only some countries have the fiscal space to take a full range of policy actions here and that they need to do the heavy lifting. David also talks in-depth about China’s economic policies and current currency regime as well as policy coordination to reduce global imbalances that cause political tension, with a particular emphasis on Germany’s role. Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT https://www.facebook.com/harrison.writedowns Follow us @ https://twitter.com/AmeeraDavid ... https://www.youtube.com/watch?v=ykZ91-MLmqg

check us out on Facebook http://www.facebook.com/BoomBustRT Follow us @ http://twitter.com/ErinAde http://twitter.com/EnglishPI Yes, the shutdown is over -- news for those of you who might have been hiding under a rock in one of our newly-re-opened national parks. The US bond market is now saved for a whopping 3 months. But in case you were just itching to crack open the Moet, you might want to hold off.... we have some surprising insight for you. Justine Underhill joins us live from the Capitol to highlight the "procine morsels" that lawmakers dropped into this last minute deal. Also, does the amount of debt, private and public, even matter? To answer this and many more questions, Bob attended the Casey Research Summit, which was packed with astute market observers and economists, alike. None other than Doug Casey, of http://www.caseyresearch.com, was there to weigh in. Bob asks him about the significance of the amount of government debt, particularly that of the US. ... https://www.youtube.com/watch?v=vcPlrj3sOiI

On Tuesday, the US military said strikes by air force fighter planes, armed drones, and allied aircraft hit 22 targets in parts of Syria controlled by the Islamic State, also known as ISIS or ISIL. Five Arab countries including the United Arab Emirates, Jordan, Bahrain, Qatar, and Saudi Arabia helped carry out these airstrikes in Syria. But the big question now is: Were these strikes successful? Erin weighs in. Then, Erin is joined by Steve Keen, head of the School of Economics, History, and Politics at Kingston University in London to discuss the UK and European economies. The mortgage credit accelerator has the UK decoupling from Euroland, which could be sinking into a debt deflation. Dr. Keen thinks this divergence cannot last. After the break, Erin talks to Steve Hochberg, chief market analyst at Elliott Wave International, to discuss Elliott Wave Theory. Hochberg says Elliott Wave analysis is telling us we are on the precipice of a major down move in the markets. He sees this as another down move in a secular bear market that began at the beginning of this millennium. And in The Big Deal, Erin is joined by Edward Harrison to talk about the Fed and the ECB. Edward sees the ECB making the latest salvo in the currency wars due to the lack of options to get credit growth re-animated. The debt super cycle which began in 1981 is coming to a close, limiting the power of monetary policy as a tool to reflate the economy. Take a look! ... https://www.youtube.com/watch?v=uO2KGwGdmOA