Keiser Report: Fracking Financial Crisis Lurking
In this episode of the Keiser Report, Max and Stacy discuss the next financial crisis lurking around the corner, according to the NYTimes and how it was Keiser Report who first warned you seven years ago that the economics of fracking makes no sense . . . at least yet, not if one is seeking a return on an investment. Fracking may make sense on national security grounds and it certainly creates a whole load of holes in the ground as economists like Paul Krugman believe are good for the economy. In the second half, Max interviews Wolf Richter of WolfStreet.com about the meltdown in Argentina. As the country was able as recently as last year to sell a ‘century bond,’ what has happened that so suddenly the finances collapse.