In this episode of Keiser Report, Max and Stacy discuss the ongoing stampede into bankrupt or near-bankrupt companies as retail investors believe a 90% fall in the stock price represents some sort of discount. In the meantime, a similar stampede into negative interest rate bearing bonds has been happening amongst sophisticated investors for even longer.
In the second half, Max interviews Nathaniel Whittemore of the Breakdown Podcast and Long Reads Sunday. They discuss the ‘monetization of cynicism and nihilism’ as retail investors pour their free money COVID-19 stimulus checks into bankrupt companies. They also discuss the ‘Dollar Milkshake’ theory as it relates to the global monetary system.
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