February’s show starts with a discussion over the fast-moving crisis in Ukraine. With Russian troops and tanks making incursions, should the US arm the Ukrainians? Our hosts discuss.
Academy President Rinaldo Brutoco gives his analysis of other Eurozone financial and political issues including the possibility of a Greek exit from the common currency and a British exit from the European common market.
Other topics include the continued low price of oil (although it has recently bottomed out), the limited impacts to Canadian’s economy, and the benefits to the US economy. Additionally the strengthening US jobs market and increases in real wages signal continued growth.
The Economic Doomsday Clock stays at seven minutes to midnight – unchanged from last month’s show. It remains unclear if the Republican-led Congress will be a responsible governing force, or whether political gridlock will create economic instability in an otherwise growing US economy.
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