China, the Fed & emerging market unrest

Hundreds of thousands of Brazilians are making their dissatisfaction loud and clear. On Sunday, residents poured into the streets of cities and towns across the country for anti-government protests that called for the impeachment of President Dilma Rousseff, who has become increasingly unpopular amidst a snowballing corruption scandal involving Brazil’s state-owned oil giant, Petrobras.

And we’re now learning about some of the businesses that were impacted by those tragic chemical explosions at the Tianjin port in China, where 114 people lost their lives, with 70 still missing. Thailand is also dealing with tragedy. A bomb exploded in central Bangkok on Monday, at a renowned shrine, killing at least 18 people and injuring over a hundred more. Ameera David weighs in.

Tim Duy, professor of economics at the University of Oregon and the senior director of the Oregon Economic Forum, is on the show to talk about the Federal Reserve and inflation. Tim sees a hike in rates in September as more likely than not. And though Duy believes the Fed has been overly optimistic in the past about both economic growth and inflation, he does not believe the Fed will stay the course on rates because of the influence of the Chinese market and economic turbulence.

After the break, Boom Bust’s Erin Ade takes a look at the effect on oil prices from a combination of factors that have seen prices plummet to near six-and-a-half year lows.

Erin then sits down with Danielle DiMartino Booth, chief market strategist at the Liscio Report and a former analyst at the Federal Reserve Bank of Dallas, to discuss homeownership and student loans. Rental price appreciation is unstoppable in the US. Many factors are to blame and Danielle tells us how to dissect this issue and the associated student debt problem.

And in The Big Deal, Ameera and Edward Harrison talk about the Troubled Ten, a moniker used to denote the 10 emerging market economies most at risk today. The immediate problem is currency depreciation, as opposed to the balance of payments problems that put the Fragile Five emerging markets at risk in early 2013.

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