Rickards: Borderline US recession will mean euro short covering
Last month, companies like Apple, Microsoft, and Google urged the Obama administration to put an end to the National Security Agency’s bulk collection of metadata. However, the NSA wants red carpet, front door, butler-welcomed access to tech company data and is willing to battle the big boys of tech to get it. Congress is currently considering a new framework for handling encrypted data. Erin weighs in.
Erin also sits down with Bruce Schneier – security technologist and fellow at the Berkman Center for Internet and Society at Harvard Law School. Bruce tells us how much of a threat state actors versus non-state actors are in terms of security and privacy, and gives us his take on the controversy surrounding Hillary Clinton’s email server. He also talks about the security of the Apple Pay platform and what it means for consumers.
After the break, Erin is joined by Jim Rickards – chief global strategist at West Shore Funds and author of “The Death of Money.” Jim gives us an update on the currency wars and tells us what he thinks about the IMF’s recent forecast for the US economy. What’s interesting about his analysis is the degree to which a weak US domestic economy could boomerang on punters loading up on a short euro position. He believes the Fed will not raise rates this year due to a borderline US recession. And when the market gets this, traders will react.
And in The Big Deal, Erin and Edward discuss big tech stories including the ‘appification’ of HBO as well as the gender pay gap.
Take a look!
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