Sunday, July 27, 2014 12:57:45 PM
Keiser Report: Dumb Money
Posted on July 26, 2014 by Stacy Herbert
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.” We 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, we 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. While overspending by $1 trillion, the energy grid has the most blackouts of any developed nation and yet less than half a trillion could replace the dumb, old grid with a smart, new one.
Read more at http://www.maxkeiser.com/#ZgfsDSE2uEP363kH.99
Economics by Following the Money ~ Globally & Nationally on Twitter @Conan644
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
