Boom Bust Season 1 Episode 61 Peter Schiff: "I Think We're in a Depression"; Roberts, Admati and Whalen Talk Banking

In season 1 episode 61 of Boom Bust, financial experts bring their analysis to the table. The episode opens with guest speaker Peter Schiff, CEO of Euro Pacific Capital, who shares his insights on the current state of the economy. Schiff asserts that the United States is in a depression and the government cannot continue to prop up the economy indefinitely. He believes that a crash is coming and the government's intervention is only delaying the inevitable. The hosts and Schiff discuss the current state of the stock market and whether a pullback is imminent.

Next, the panel welcomes two guests to talk about banking and regulation. Admati, a finance professor at Stanford Graduate School of Business, argues that the current banking system is not sustainable and that reforms are necessary to prevent future crises. Whalen, a banking expert, counters that regulations can be too burdensome and that the industry needs to be more flexible and innovative. The two guests provide differing viewpoints on how to maintain stability within the banking sector.

The hosts also discuss Amazon's recent announcement that it will be offering checking accounts to customers. They examine the potential impact this move could have on traditional banks and whether it could disrupt the industry. Additionally, they delve into the ongoing trade tensions between the United States and China and the potential effects on the stock market and global economy.

Throughout the episode, the hosts provide background information and context for the topics being discussed. They offer insights and analysis, but also allow the guests to make their own arguments and provide their own perspectives. The discussions are lively and thoughtful, with each participant bringing their own unique expertise to the table.

Overall, season 1 episode 61 of Boom Bust provides a comprehensive look at the state of the economy, banking, and global trade. The experts offer differing opinions and insights, allowing viewers to form their own conclusions about the current state of the financial world. Whether you're a seasoned investor or simply interested in the economy, this episode offers valuable information and analysis.