Denninger on stretched valuations and Heinberg on oil bankruptcies
The G7 summit officially kicked off this weekend with world leaders of seven industrialized nations arriving in Germany to attend the annual forum. So far, the leaders have addressed a number of global issues including the turmoil in Ukraine, the fight against ISIS and, of course, the Greek debt crisis. On Monday, President Obama called on Greece and its creditors to make the tough decisions needed to secure a deal. Boom Bust host Ameera David weighs in.
Then, Edward Harrison sits down with Richard Heinberg – senior fellow at the Post Carbon Institute and author of “Afterburn: Society Beyond Fossil Fuels.” Richard tells us what to expect to happen with oil prices over the next six to 12 months and gives us his take on the potential for a recession in Alberta.
After the break, Bianca Facchinei takes a look at some of the other major business headlines of the day including global bank fines, the co-CEOs of Deutsche Bank resigning, and Monsanto’s second failed attempt at acquiring Syngenta.
Afterwards, Erin Ade is joined by Karl Denninger – blogger at The Market Ticker. Karl tells us what asset markets he thinks are looking a little stretched and gives us his take on if the US will see another recession anytime soon.
And in The Big Deal, Ameera and Edward discuss the G7 summit and the US economy.
Take a look!
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