The European Central bank launched its long awaited 1.2 trillion-euro quantitative easing package. The program, which is meant to boost Europe’s economy, was finalized just last week by ECB President Mario Draghi. And it’s all, of course, an attempt to mimic the success of other QE programs launched elsewhere, like with the Bank of England and the US federal reserve. Boom Bust guest host Ameera David weighs in.
Then, Edward Harrison is joined by Marin Katusa – chief energy investment strategist at Casey Research and author of The Colder War. Marin tells us he sees oil going lower within the next 6 – 12 months because, despite the drop in rig count, output levels will remain elevated. Marin also gives us his take on the demand side problems, with China slowing much more than government statistics suggest. He also warns that hedges that expire by the end of 2015 will leave many companies naked and that’s when the penny could drop.
After the break, Erin sits down with Victor Matheson – professor of economics at College of the Holy Cross. Victor tells us that building new stadiums benefits the owners and not city government according to many studies He also explains in depth how small sports teams in the US are less exposed to downside than European clubs due to extensive revenue-sharing in U.S. professional leagues.
And in The Big Deal, Ameera and Edward discuss the future for the business of television. Cord cutting is increasing as Millennials leave cable companies. And content on TV is richer than ever. Take a look!
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https://www.youtube.com/watch?v=FSIVuGTO7IY