Insolvency crisis in Ukraine & Cullen Roche: US is "muddling through"
Ukraine faces a potential default and needs money, but where will it get that money from? The IMF? EU? Russia? Erin examines the impact on emerging markets. Guest Cullen Roche, head of Orcam Financial Group and founder of noted finance blog ‘Pragmatic Capitalism’, rejects the idea that if the Fed eased monetary policy sooner, we would have avoided the Great Financial Crisis, saying it was a balance sheet problem. He also gives his thoughts on what effect emerging markets have on the US recovery. In Big Deal, Erin and Edward Harrison talk about how owning property has become a ‘sick joke’ in Greece and discuss some of the economic obstacles facing Greece today.
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