The one good thing about the Fed (E1493)
In this episode of the Keiser Report, Max and Stacy watch in amazement at the epic historical bull run, as American heads into election 2020 with Trump’s stock market charging ahead like there is nothing that can stop it. The price to sales ratio has hit an all-time high, suggesting that investors have zero concern about actual sales. While earnings can be massaged with clever accounting, sales is what the company actually manages to sell and there is no disguising that, and every dollar of sales is now worth a whopping $2.4 in stock market cap. They also discuss how Obamacare high deductible policies are wiping out rural hospitals across the US. In the second half, Max continues his conversation with Chris Martenson of PeakProsperity.com about the death of bug splatter, the rise of evil frog robots, and ‘the one good thing about the Fed.’
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