Galbraith on Varoufakis ‘Plan B’, DiMartino on the Fed’s dilemma
Early warning signs suggest another currency crisis in emerging markets is on the horizon, with major EM currencies tanking Tuesday. Mexico and South Africa’s exchange rates are now at their lowest levels, while Asian currencies at their worst point in two decades. And with the US Federal Reserve getting even closer to increasing interest rates from near-zero levels, analysts say a collapse of that kind could happen yet again. Ameera David weighs in.
Then, Erin Ade is joined by Danielle DiMartino Booth, former analyst at the Federal Reserve Bank of Dallas. Danielle tells us what her biggest takeaway is from working with the Fed and gives us her take on what the Fed’s role was in the housing bubble and the market that followed it.
After the break, Bianca Facchinei takes a look at the decline of home ownership in the US, which has reached at 48-year low, and how the number of rental households is growing as a result.
Afterwards, Ameera and Edward Harrison talk to James Galbraith, professor of government at the University of Texas in Austin, and author of "Inequality and Instability: A Study of the World Economy Just Before the Great Crisis." James tells us what Sen. Bernie Sanders is hoping to achieve by hosting a panel on the Greek debt crisis in Washington.
And in The Big Deal, Ameera and Edward discuss the US economy.
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