The US trade deficit surged to its highest level in nearly 6 ½ years in the month of March. On Tuesday, the Commerce Department said that the trade deficit widened in March by 43.1% to a seasonally adjusted $51.4 billion. That was the largest monthly expansion in the trade gap since December 1996 and the largest deficit reading since October 2008. The expanding trade gap was driven by the largest increase in imports on record. Erin weighs in.
Then, Edward is joined by Warren Mosler – president of Valance Co., Inc. and author of “The Seven Deadly Innocent Frauds of Economic Policy.” Mosler tells us how he sees things playing out in Greece in terms of austerity, debt repayments and Greece’s remaining in the Eurozone? Warren gives us his take on recent comments made by Ashoka Mody regarding the situation in Greece. And he also tells us if a GDP-linked bond restructuring has a chance of becoming a reality there.
Afterwards, Erin sits down with RT correspondent Lindsay France to discuss the IV Doc, a strange new mobile-enabled anti-hangover service.
After the break, Bianca gives us a daily news roundup of other major business headlines of the day, including Jean-Marie Le Pen’s bitter departure from the National Front, German government bonds, and Greece’s struggle for negotiations.
Then, Erin is joined by Max Wolff – chief economist at Manhattan Venture Partners and part-time professor at The New School. Max gives us his thoughts on the implications of the Comcast/Time Warner deal falling apart and tells us why retailers are against Apple Pay.
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