Sunday, July 27, 2014

Keiser Report: Dumb Money

From RT

Published on Jul 26, 2014

In this episode of the Keiser Report, Max Keiser and Stacy Herbert with a double header discussing the ‘dumb money’ piling into markets just as the Spectator’s cover story reads: “The Next Crash: We could be on the brink of another financial crisis.” Max and Stacy read through the piece in shock at the obvious signs of misallocation of wealth while chasing dumb bubbles - including a P/E ratio now at 25.6 compared to a historic norm of 16.5. In the second half, they examine more misallocation of wealth as the US spends an additional $1 trillion annually on healthcare compared to if they spent the same percentage of GDP as the next most expensive country, the Netherlands. While overspending by $1 trillion, the energy grid has the most blackouts of any developed nation and yet less than half a trillion could replace the dumb, old grid with a smart, new one.

No comments:

Post a Comment