Pros & cons of ECB’s quantitative easing, Ukraine’s bailout
Wall Street bankers’ pockets are a little bit thicker these days – the average bonus in the securities industry is the highest it’s been since 2007, pre-financial crisis. Yet Wall Street profits actually fell last year. Boom Bust guest host Ameera David weighs in. Edward Harrison is joined by Axel Merk, president and CIO of Merk Investments, tells us why Germany benefits the most from quantitative easing and a weak euro. Michael Hudson, professor of economics at the University of Missouri, tells us about the dire economic situation in Ukraine and who else besides the IMF can provide the country with funds. And in The Big Deal, Ameera and Edward continue the discussion on Wall Street bonuses and if the high level of bonuses are a contrarian indicator that presages a top of the US stock market.
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