Then, Erin sits down with Warren Mosler, president of Valance Incorporated, to discuss the many issues surrounding the US economy, the Fed, and employment. Of particular note are Mosler’s views on the recent price cut in Saudi crude prices and the negative impact it could have on production of shale oil in tight oil formations in the US.
After the break, Erin talks to frequent Boom Bust guest Jim Rickards to get a hold on currency wars – specifically regarding the Euro. He argues that the currency wars wax and wane but they are always there. Right now the currency wars are back in the spotlight.
And in The Big Deal, Erin and Edward Harrison discuss Alibaba’s record-breaking IPO. Do big IPOs outperform the market? No, they underperform if you look at the historical record.
- Source, Russia Today