Basic income defeat in Switzerland & Hanke on oil at $60

The British pound dropped to a three-week low as support for Brexit grew and Janet Yellen keeps a hike on the table, despite a dismal May jobs report. Ameera David reports and then talks to Steve Hanke, professor of Applied Economics at Johns Hopkins University. Steve makes the bull case for oil. And he sees the commodity going to $60 a barrel.

After the break, Boom Bust’s Bianca Facchinei details how the US college loan glut is worrying US policy makers, with some experts seeing echoes of the housing crisis. RT correspondent Peter Oliver joins the show, with a report from Europe on the Swiss vote on instituting universal basic income. And in the Big Deal, Edward Harrison and Ameera discuss Janet Yellen’s view of the US economy in the context of the most recent economic data.

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