Boom Bust: Monetary policy depleted, fiscal fix needed?
Profits at S&P 500 companies are headed for a sixth consecutive quarterly decline. Ameera David has the details. Then, Boom Bust’s Bianca Facchinei takes a look at the politics behind the informal OPEC gathering in Algiers that is rallying oil prices. Steve Keen, Head of Economics, History & Politics at Kingston University, then explains whether the angst over debt in China is warranted.
After the break, economist and best-selling author Gary Shilling breaks down why global growth continues to remain subdued despite extreme levels of monetary stimulus. And finally, in The Big Deal, Edward Harrison continues the discussion on why monetary policy is at the end of the line as a policy tool.