The too-big-to-fail investment universe (E1367)
In this episode of the Keiser Report, Max and Stacy discuss the recent Bank of America report, ‘Hitchhiker’s Guide to the Investment Universe’. The report provides dozens of charts and data points looking at where the investment universe stands ten years after the financial catastrophe. Wall Street is still too big to fail, the global debt bubble is still blowing and financial assets are now 200 percent of global GDP. What can possibly go wrong? In the second half, Max interviews Craig Hemke of TFMetalsReport.com about the White House demanding a 50 basis points rate cut despite an allegedly booming economy where manufacturing and construction numbers look positive and stock markets are still near an all-time high.
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