Boom Bust: India cuts benchmark rate, U.S. auto sales lag
The Reserve Bank of India cut its benchmark interest rate to 6.25% under the leadership of new governor Urjit Patel. Ameera David has the details. Then, Frances Coppola, Coppola Comment blogger and Forbes contributor, gives her take on Deutsche Bank, which she believes is NOT the next Lehman Brothers.
After the break, Manuel Rapalo joins to take a look at the first insider trading case the U.S. Supreme Court has taken in years. Afterwards, Steve Keen of Kingston University joins Ameera to discuss private debts and whether another financials crisis can be avoided. And finally, in The Big Deal, Edward Harrison examines disappointing U.S. auto sales figures.