The global economy: What lies beneath
Ten years after the great financial crisis, markets are again booming, but as are levels of debt and leverage. Is this a cause for concern or have policymakers fixed the fundamentals? Has complacency lead investors to take on greater risks or have they learnt the lessons of 2008? Is Brexit a blip as the Eurozone is actually in rude health? Or are the fault lines increasingly clear but papered over? As volatility returns to markets. We ask: what lies beneath the global economy? Joining us to work out what is really going on in the markets and the wider global economy, is investor, hedge fund manager and author of Planet Ponzi, Mitch Feierstein.
Is the existing banking system coming to an end?
If the Swiss referendum result is ‘yes’, sovereign money initiative comes to fruition. Swiss banks will no longer be able to create money for themselves, rather they will only be allowed to lend money that they have accumulated from savers or other banks. We look at what this means…
Grasping the Nettle – It’s now or never for auditors
Every time a corporate reporting clanger is dropped and auditors of a public company are mired in yet another scandal, the Financial Reporting Council responds by undertaking to investigate the accounts and audit of the plc in question. What’s really going on?
Why a federal surplus will cost you money
People have been led to believe, wrongly, that their personal financial circumstances will improve when the federal budget is in surplus but the opposite is true. A federal surplus occurs when the government taxes more than it spends, (and what the hell point is that?). The net result is billions of dollars being sucked out of the economy.
Globalisation 2.0 & the Rise of the East
The West has dominated globalisation to date, but that balance of power is shifting and it’s happening much faster than Western leaders are willing to accept, as new countries demand a seat at the table. The global pecking order is rebalancing to get a broader view on the risks and opportunities in this new global economy. We traveled to Southeast Asia to meet former World Bank economist, Dr Kirida Bhaopichitr. We began by talking about the unstoppable rise of the East, the problem with protectionism in the West, and the inevitability of a multipolar world.
RBS- Do the right thing – Give me a bucket
GRG was advertised as a life support unit for struggling businesses. In reality, it was an abattoir. On the 30th of October McEwen said that the turnaround obligations inferred or implied by GRG do not in fact exist.
How economics professors can stop failing us
Many students today continue to be deceived by their professors who, even after the great financial crisis, still teach a fantasy, or other worldly version of economics. So on this program we ask: How do we begin to reverse a heavily entrenched education system that manufactures economists that have such a detrimental effect on wider society? Joining us to discuss how academics are failing us: renegade economist, Professor Steve Keen, and author and economist, Dr Steven Payson.
What Minsky can teach you about volatility…and your pay-packet
We are starting to see a volatility comeback in global stockmarkets. And volatility itself makes uncertainty, frankly, certain. We look at what the once obscure economist, Hyman Minsky had identified in the cycles we are seeing today…