Dead Industries, Zombie Banks & Broken Markets

Max Keiser and Stacy Herbert discuss the memory of our living economy and consumers in the life of the dead banks, markets and economies. They look at the collapse of the Baltic Dry Index, the slow death of the markets as spoofing and HFT front-running fraud take over where real price discovery once lived and the booming stock prices of legal heroin dealers in America where a historical spike in overdose deaths is happening.
In the second half, Max interviews Sandeep Jaitly of Fekete Research about the fact that QE has been happening since the 1920s, the only thing different today is that the central banks have moved further out the yield curve. Sandeep also suggests Carl Menger, if he were to be brought back from the dead to run our economy, would immediately die at the sight of our notion of ‘public debt.’