Boom Bust: America’s lax lending problem, Schiff Part II on the Fed

The top story: According to the IMF, Italy is facing 20 years of economic woe. And in similarly downbeat news, Japan’s Abe has ordered a new stimulus package after election win as growth forecasts for Japan were downgraded. Ameera David has details. Afterwards, Boom Bust’s Bianca Facchinei describes the battle over the South China Sea and what Tuesday’s ruling means for Beijing’s maritime ambitions. Then, Ameera’s interview with Tematica CIO Chris Versace continues, with Chris warning what markets look back with fewer stock buybacks and thoughts on political risk in Europe.

After the break, Ameera David talks to Peter Schiff about the interaction of Fed policy and US economic data. And in the Big Deal, Ameera and Edward Harrison talk about the lax lending standards now being flagged by US bank regulator OCC.