Paul Brodsky on central banks and financial services
ORIGINAL AIR DATE: WEDNESDAY, FEBRUARY 18
Financial repression seems to be the order of the day on monetary policy, with negative interest rates rife throughout government bond markets in Europe. Paul Brodsky tells us where financial repression is leading central banks and explains what kinds of strategies you can devise to get around it. He also tells us how to manage country and currency risk when thinking about asset allocation and gives us his take on Russian oil assets. On a value basis, Russian assets look good. But there is political and currency risk in spades.
Argentine President Cristina Fernandez's battle against "holdout" investors suing her country is increasing the odds that her government will default for a second time in 12 years. In a hearing on Tuesday, US District Judge Thomas Griesa decided not to grant Argentina's request for more time to negotiate with holdout creditors. Griesa directed both parties to meet with a court appointed mediator to reach a settlement. Erin takes a look.
Then Erin brings you part two of her interview with Dr. Steve Keen, and they explore debt levels and whether steering the economy using short-term interest rates is dangerous. After the break, Erin speaks to libertarian blogger Karl Denninger about mobile devices and privacy, looking especially at the vulnerabilities in your iPhone.
Then in today's Big Deal, Edward Harrison and Erin talk about Apple, China, and the future growth of the mobile market in emerging economies. Check it out!
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Entrepreneur Elon Musk has a lot of fans and a lot of foes. However, if you’re going to go up against him, you better be ready for a fight. That’s what The Los Angeles Times learned after they took a swing at Musk over the weekend, saying that his growing empire was fueled by $4.9 billion in government subsidies. In an interview with CNBC on Monday, Musk called the article “misleading and deceptive.” Erin Ade weighs in.
Then, Erin sits down with Ray Rothrock – CEO of RedSeal. Ray tells us about his experience with “pirate” hackers, which he first came across while consulting for a major stock exchange and gives us his take on the Navy’s new cybersecurity offense, where he sees U.S.’s taking a more aggressive offensive position on cybersecurity as a good thing.
Afterwards, Erin is joined by RT correspondent Lindsay France to discuss how a robotic carnivore might soon have the capability to chase you down the street and jump over hurdles and Apple upping the ante by introducing a subscription service resembling Spotify’s.
After the break, Bianca Facchinei takes a look at Vox Media’s acquisition of Recode – a popular tech website – and what it means for the media industry. Vox made out pretty well in their acquisition, by spending $15 million – only one to two times Recode's projected revenue.
And in The Big Deal, Erin and Edward Harrison discuss voice search and how Google risks marginalization as mobile platforms proliferate without Google browser search as the dominate user-operated search vehicle.
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The U.S. government is expecting to borrow more than $3 trillion this quarter in the wake of the COVID-19 outbreak. We bring you an expert panel to break down how it stacks up to previous borrowing sprees. Plus, as the pandemic continues to pound the globe, airlines are facing an unprecedented crisis. We give you an aerial view on how the sector plans to rebound from the virus, and what kind of turbulence it may face.
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Cuba saw a rebirth of private business in 2008 when President Raul Castro made the decision to enlarge the private sector as a means of absorbing the country’s bloated public sector. Ameera David of RT’s Boom Bust traveled to Cuba and spoke with the CEO of one company, a small packaging start-up called Adorgraf, to learn more about what it takes to make a business grow in the economically-evolving nation.
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Gary DeWaal and Host Bart Chilton discuss the ins and outs of regulating cryptocurrency.
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The fall of Portugal’s minority government became a done deal and the OECD trimmed its global economic projection for the second time in three months. Ameera David weighs in. Then, Ameera is joined by RT correspondent Alex Mihailovich to talk about the Keystone XL Pipeline. Afterwards, Bianca Facchinei takes a look at the true amount of US debt.
After the break, Ameera sits down with Worth Wray – chief economist at Evergreen GaveKal and co-author of “A Great Leap Forward?” – to talk about China. And in The Big Deal, Ameera and Edward Harrison discuss the latest in global growth numbers.
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As U.S.-China trade talks could be mending on the horizon, mergers are also boosting markets across the board. Jeffrey Tucker of the American Institute for Economic Research is on hand today to break down the trade tussle and what moves could shaking sectors. And just several months after their less-than stellar IPO launch, Uber has been sacked from London. Mollye Barrows, contributor to America’s Lawyer joins the program to delve into the United Kingdom’s decision, and what impact this could have on the company’s bottom line. Plus, Bitcoin’s beating continues as it has dipped below the $7,000 mark yet again. Cryptocurrency analyst Ben Swann breaks down Bitcoin’s price plummet, and how blockchain has flourished in China.
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Today we hit on planes, trains and automobiles as the transport sector has been hoarding the headlines. First, Raghee Horner of Simpler Trading drills into the bidding war that's heating up the Permian Basin. Plus, although Boeing has been hitting some turbulence as of late, rival Airbus has not been able to capitalize on the ailing air giant; RT Correspondent Alex Mihailovich gives us an aerial view of the situation. Then, Lauren Fix, the Car Coach, checks in on Tesla's recent troubles and to see if their new venture will go up in flames. And finally, RT Producer Brent Jabbour takes us for a ride on the rails to a train conference on Capitol Hill.
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$58 million – that’s the amount Puerto Rico officially defaulted on. The commonwealth did not pay that million dollar sum of principal and interest it owes on Public Finance Corporation bonds. On Friday, the administration for Governor Alejandro Garcia Padilla said that the government simply does not have the money. And Greek stocks plummeted dramatically on Monday. Ameera David weighs in.
Then, Erin Ade sits down with Paul Brodsky – founder of Macro Allocation Inc. Paul gives us his take on what impact a move in the euro/dollar rate could have on private portfolio references and tells us how he would be trading other euro assets right now.
After the break, Bianca Facchinei takes a look at the arrest of Mark Karpeles – former head of the now-defunct Mt. Gox. Authorities in Tokyo arrested him for allegedly falsifying financial records in the payment service’s computer system by $1 million in 2013.
Afterwards, Ameera and Erin discuss how ex-trader Tom Hayes was sentenced to 14 years in jail after being found guilty of conspiring to rig Libor benchmark interest rates.
And in The Big Deal, Ameera and RT correspondent Manuel Rapalo talk about drones.
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