A few weeks back Jean Claude Juncker suggested that the Euro should be established as a reserve currency to challenge the reliance on the US dollar. In this podcast, Phil Dobbie asks Prof Steve Keen if there is a realistic chance of that ever happening, and why did the US dollar become the reserve currency in the first place? Given that Steve is not a supporter of the Euro, because its existence distorts the ability of sovereign states within the EU to control their own economies, is there a better alternative that Europe could provide if it wanted to challenge the dominance of the mighty US dollar?
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American markets doing well because they are not Europe
Markets are very confusing right now. For example, why are US equities rising alongside bond yields? NAB’s David de Garis says the argument is you have to put your money somewhere. What could possibly be wrong with that approach?
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Australia joins the downturn; Williams on the new normal; ECB considers its options
After yesterday’s Aussie GDP figures I ask NAB’s Gavin Friend whether the news is all bad? Plus, John Williams suggests no move for the Fed this year and could the next move for the Bank of Canada be down?
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UBI and a Debt Jubilee – an economic solution or a reward for sloth?
Will a debt jubilee work? What about as universal basic income? I quiz @PreofSteveKeen on two proposals he has to revitalise the global economy.
