Boom Bust Season 2 Episode 16 Elliott Wave Predicting Major Down Move and Steve Keen On Europe

Boom Bust season 2 episode 16 focuses on two major topics in the world of finance and economics. The first segment examines the Elliott Wave Theory to predict the potential for a major down move in the stock market. The guest, Mark Galasiewski, a Senior ASEAN Analyst at Elliott Wave International, explains how their technical analysis suggests that the market is in the fifth and final wave of the current bull market, indicating an incoming bear market.

Galasiewski further opines that this could lead to a deflationary spiral, with governments and central banks not having the tools to fight deflation, which could impact the global economy. The host, Sara Montes de Oca, delves deeper into the topic, discussing recent market volatility due to news and rumors surrounding the US Federal Reserve and ongoing trade tensions between the US and China.

The second segment of the show features an interview with Steve Keen, an Australian economist and author, who shares his thoughts on Europe's economic future post-Brexit. Keen believes that the European Union is an "unworkable construct," and that even without Brexit, the EU was headed for economic failure.

He cites several factors contributing to this prediction, including the introduction of the euro, which he believes was a mistake, as well as the EU's bureaucratic structure and overreliance on Germany's economy. He predicts that a major financial crisis will hit Europe, citing Italy and its debt crisis as a potential trigger.

Montes de Oca and Keen discuss the potential impact of Greece's recent exit from its bailout program and its implications for the EU. Keen believes that the EU has set a dangerous precedent with Greece, where they have extended Greece's debt repayment over an extended period and believes this move will lead to other European countries following suit.

Overall, Boom Bust season 2 episode 16 provides insightful analysis on two topics that are currently making headlines in the economic and financial world. The guests' predictions and analysis provide valuable insights for viewers and listeners alike.