Keiser Report: Bad Capitalists and Their Malinvestments
In this episode of the Keiser Report, Max and Stacy discuss how the European Central Bank’s corporate bond buying program (the Corporate Securities Purchase Program) has led to extreme malinvestment and misallocation of capital, including the ill-timed Bayer takeover of Monsanto. In the second half, Max interviews author and professor Steve Keen of Patreon.com about the unfolding property crash in Australia from which he has just returned. They also discuss the Japan-like economic future for much of the developed world as decades of stagnation await us. At least it’s not a 2008-style crash! Right?