10 Aug 2012

Constantin Gurdgiev on "Dictator Draghi" & "the Good, the Bad, and the Ugly" of Europe!

Last May, we spoke about the bailout of Bankia and other problems emanating from Spain. This led us to question whether we would see a "Spexit" before a "Grexit." Can we now add "Brixit" to the list? The latest addition to the Euro-exit-speculation family has been making headlines. We talk to Constantin Gurdgiev about whether the "Brixit" is just the next catchy phrase or if there is substance behind it.

Plus, today is the unofficial five year anniversary of the credit crunch. Five years ago the Dow fell nearly 400 points, as French bank BNP Paribas announced it was halting three funds with exposure to US subprime mortgages. Global banks stopped lending to each other, which triggered a credit freeze, and Central banks quickly intervened. We talk to Constantin Gurdgiev, co-editor of "What If Ireland Defaults," and take stock of where we are today, if we're looking at any kind of repeat, and why or how it could be different this time.
And Brazilian Central Bank employees strike! Could we be onto something? What kind of central bank activities could be halted by worker protests? Lauren and Demetri muse over the possibilities in Loose Change. Source

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