Oh Woe is Me, Keiser Report 634

Staff Writer, DB Holmes

Finance / Banking
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Oh Woe is Me, Keiser Report 634

Max Keiser and Stacy Herbert ask “is the Fed fueling bubbles?” An opinion piece in USA Today says: “No, this time it’s different (due to zero percent interest rates).” Another opinion piece from former academic-turned-fund manager John Hussman says there is a bubble and it’s matched only in size by the bubble leading to the 1929 Wall Street crash. In the second half, Max interviews Mitch Feierstein of PlanetPonzi.com about George Osborne’s ponzinomics and Janet Yellen’s bubbles. Mitch also has some charts! These charts show that equity markets in 2014 look a whole lot like the “recovery” and then second crash during the previous Great Depression.

Source: Keiser Report

Ready, Set: Speculate! You Poor, Lazy Bastards

Staff Writer, R. Patrick Chapman

Finance / Banking
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Ready, Set: Speculate! You Poor,  Lazy Bastards 

Keiser Report, 599

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the warning from legendary stock market speculator Jesse Livermore that speculation is “not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.” And, yet, speculation has become the economic model for a nation of stupid and mentally lazy speculator-taxpayers. They also discuss splat collateralized debt obligations and fracking Walden Pond to pay off our bad debts. In the second half, Max interviews Steve Keen, author of “Debunking Economics,” about housing bubbles, falling wages and why Mom & Pop investors are always wrong.

Source: Keiser Report