Pettifor: “They are currency wars”

The cord-cutter movement is on and Apple intends to be at the forefront! Apple is in talks to launch an internet TV service that would cost $30-40/month and launch with 25 channels that would deliver content from ABC, CBS, Fox, ESPN, and others. The new Apple TV would roll out in the fall and would not carry content from NBC after disputes with NBC Universal’s parent company Comcast ended poorly. Erin weighs in.

Then, Erin is joined by Ann Pettifor – director of PRIME Economics and author of “Just Money: How Society Can Break the Despotic Power of Finance.” Ann gives us her take on what we’ll hear at this week’s Federal Reserve meetings and tells us that the dollar and financial stability is outside of the US as a big concern at the Fed because the Fed is concerned with narrow US domestic interests, as this is its mandate. The juxtaposition sets the global economy up for volatility going forward due to “massive imbalances”. In the US, she believes there is justifiable anxiety about the robustness of the US economy. Ann continues the conversation with pointed words about the way the Greek situation has been handled, making recommendations of the right way to frame the situation.
After the break, Edward Harrison sits down with Tim Duy – professor of economics at the University of Oregon and senior director of the Oregon Economic Forum. Tim tells us the word “patient” is history in the Fed’s language about raising rates and that the market is waking up to an accelerated hike timetable but risks do remain.
And in The Big Deal, Erin and Edward continue the discussion on Apple and the Fed. Take a look!
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