The flowless rally (E1362)

Max and Stacy discuss the ‘flowless rally’ in stock markets, as corporations continue their share buyback frenzy while ordinary investors stay away. They also discuss how the era of cheap money exposes the truth that nobody knows how monetary policy works. Max interviews Alasdair Macleod of GoldMoney.com about negative interest rates, QE for China, and the dire state of the European economy.

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