Merk on Europe & the Fed, Keen on economics & asset price inflation
Yes, quantitative easing is over. The Fed began reducing the amount it purchased last December and on Wednesday announced it would end its long-running bond purchasing program. And while it closes the door on this particular round of quantitative easing, it is far from clear what will come next. Erin weighs in.
Erin is joined by Axel Merk – president of Merk Investments – to talk about the Fed, Europe, and oil. After the Fed ended its third round of large scale asset purchases (aka QE), the equities market and US government yields backed up. Going forward, Axel believes more volatility may be in store as risk premia increases and the market adjusts to a new world without the Fed’s interventions.
After the break, Erin sits down with Steve Keen, head of the School of Economics, History, and Politics at Kingston University. Steve tells us about his book, “Debunking Economics,” now coming in a more accessible graphic art form. And he explains how to make finance and economics jargon more understandable to the general public. Steve also has a thing or two to say about the intersection of asset price inflation and economic growth.
And in The Big Deal, Erin and Edward Harrison continue the discussion on the Fed and try to make the connection to economic growth and the real economy.
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