Max Keiser is a former broker and options trader but more recently a respected news and market analysis pundit. He appears on independent media networks like RTT and AL Jazerra and is well known for uncovering cronyism and predicting major trends on his show the Keiser Report. Videos provided by and © Max Keiser or RTT.
Keiser Report: Dumb Money (E632)
[youtube RnmZwUrjP5M] 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. […]