On NASDAQ 5000 and oil’s marginal cost below $10/barrel
Since the start of 2015, Venezuelan shoppers have been enduring a shortage of basic necessities like flour and diapers. The government says political opponents backed by unscrupulous businessmen are sabotaging the economy as part of a US-backed strategy to oust President Maduro. Erin weighs in. Rob Barnett, energy policy analyst at Bloomberg Intelligence, gives his outlook on the oil sector. Anthony Randazzo, director of economic research at the Reason Foundation, tells us what he makes of Federal Reserve Chairwoman Janet Yellen’s response to the Audit the Fed legislation and gives us his take on if we’ll see a Grexit. And in The Big Deal, Erin and Edward Harrison are talking about the NASDAQ and the Federal Reserve.
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