Following days of turmoil, U.S. stocks are rebounding amid the spread of the coronavirus around the globe. We’ll take a look at the big picture of economic moves. Plus, as the antitrust movement has begun to heat up, the scandal surrounding Google has seen a new turn in the saga. We’ll break it down. And later, Tesla’s stock has soared in recent days, but what’s behind the surge? We will bring you up to speed on the news. #BoomBust #QuestionMore #RTAmerica Follow us on Twitter: https://twitter.com/RT_BoomBust Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT Follow Christy Ai on Instagram: https://www.instagram.com/christai_ai/ ... https://www.youtube.com/watch?v=rbwpsIlRUOQ

On Sunday, Greek finance minister Yanis Varoufakis told Italian state television that if Greece is forced out of the Eurozone, other countries will inevitably follow and the currency bloc will collapse. Greece’s new government is trying to renegotiate its debt repayments and has begun to roll back austerity policies with its international creditors. Varoufakis said Greece’s debt problems need to be solved in conjunction with anti-austerity policies – not just for Greece, but for the Eurozone as a whole. Erin weighs in. Then, Erin is joined by Steve Keen – Head of the School of Economics, History, and Politics at Kingston University. Steve tells us if he’s optimistic about the Troika and Greece overcoming their differences and reaching a deal that is acceptable to both creditors and the new Greek government and gives us his take on Greek austerity. Steve’s view is that government must offset the deleveraging of the private sector to prevent pro-cyclicality that undermines longer-term growth. Keen also wants debt writedowns in an optimal scenario, particularly in Europe’s private sector. But, short of this, he believes that option-embedded debt based on GDP growth in Greece is a step forward for the Greek sovereign debt situation. After the break, Erin sits down with Richard Werner – director of international development and founding director of the Centre for Banking, Finance and Sustainable Development at the University of Southampton. Richard talks to us about the Federal Reserve’s quantitative easing and gives us his take on wage growth and household debt levels. The credit easing that Ben Bernanke did in the first round of quantitative easing, qualitatively was closer to what Werner proposed when he first created the idea of quantitative easing in the early 1990s. But the other forms of QE will not increase credit growth because bank balance sheets are still encumbered. Richard believes a target for nominal growth would be an improvement over present central bank policy. And in The Big Deal, Erin and Edward Harrison discuss India. Specifically, India is now poised to grow 7.4% according to government projections. This puts India ahead of China, cementing India’s position in markets as the darling of the emerging market big hitters. Take a look! Check us out on Facebook: http://www.facebook.com/BoomBustRT ... https://www.youtube.com/watch?v=ikQ6xaB4ysM