Summers on US hegemony over-reach, Alpert on the US economy
On Monday morning, Larry Summers posted his thoughts on the new economic era that we’re living in and what the US leadership should do about it. Summers’ general thesis is the United States is abusing its role as global economic superpower and reserve currency creator to sometimes advance its “parochial” interests. And on subject of sanctions, Summers gives us his thoughts on Russia, Iran, and Cuba and whether they were successful. Erin weighs in.
Then, Erin sits down with Daniel Alpert, managing partner at Westwood Capital. Daniel gives us his take on March jobs numbers and the lowest number of Americans seeking first-time unemployment benefits in 15 years. His overarching view is that the numbers are more in line with weaker data from other US economic series. He also believes that the US economy is far from full employment, weaker than the headline unemployment numbers would suggest
After the break, Erin is joined by Chip Runyon – director of operations at The Gartman Letter. Chip tells us if he agrees with some economists calling the disappointing jobs numbers a temporary blip and gives us his take on the strong dollar and how it will affect commodity and other market prices.
And in The Big Deal, Erin and Edward talk about the latest developments in Greece with a view to what we should expect down the line.
Take a look!
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