Chandler on strong sterling and Auerback on Hyman Minsky
Many young adults are unable to launch their lives and leave the safety of their homes following college as they can’t find a job that's worth their degree and can repay their enormous student debt. Erin Ade gives her take. Marc Chandler talks about FX markets and the rise of the British pound to 1.70 against the USD. Marshall Auerback of the Institute for New Economic Thinking, a devotee of celebrated economist Hyman Minsky, tells us where the US economy is headed. And in Big Deal, Edward Harrison talks to Erin about Minsky and financial crises.
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