The European Central Bank will kick off its monthly €60 billion-euro bond-buying bonanza this Monday and embark on a quantitative easing program with the hopes of raising Eurozone inflation from below zero percent and back toward its goal of just under 2%. Markets had eagerly been awaiting the disclosure of the start date for QE ever since the central bank announced that it would embark on the large scale asset-purchase program back in January. Erin weighs in.
Then, Erin sits down with Steve Hanke, professor of applied economics at Johns Hopkins University and director of the Troubled Currencies Project at the Cato Institute. Steve tells us how the Troika should approach negotiations with Greece, given what he sees as a perennially profligate government in the country. Steve also explains what’s going on in Venezuela and Argentina, where he sees generally poor economic governance. He has very little positive to say about either case.
After the break, Erin is joined by investment strategist Paul Brodsky. Paul tells us how to manage country and currency risk when thinking about asset allocation and gives us his take on Russian oil assets. On a value basis, Russian assets look good. But there is political and currency risk in spades.
And in The Big Deal, Erin and Edward Harrison discuss Brazil and Mark Cuban’s recent comments on another tech bubble. Take a look!
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[305] Cuban’s tech bubble, Brazil’s meltdown, Hanke on Greece and Latam
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The European Central Bank will kick off its monthly €60 billion-euro bond-buying bonanza this Monday and embark on a quantitative easing program with the hopes of raising Eurozone inflation from below zero percent and back toward its goal of just under 2%. Markets had eagerly been awaiting the...