13:28 GMT +321 October 2018
Listen Live
    Double Down

    Can the Central Bank Deliver Future Booms?

    Double Down
    Get short URL
    Max Keiser, Stacy Herbert
    0 10

    On today’s episode of Double Down, Max Keiser and Stacy Herbert talk to Mitch Feierstein, author of Planet Ponzi, about the 10 year anniversary of the financial crash.

    As the ten year anniversary of the collapse of Lehman and the onset of a huge stock market crash, Double Down asks banker and author, Mitch Feierstein, if there is a danger of another crash on the horizon. In the inevitable case of another crash, former Fed chair, Janet Yellen, was recently quoted as suggesting that the central bank should commit to stoking ‘future booms' to make up for the wealth destruction of the crash. But does this command and control boom for asset prices merely exacerbate the already dangerously widening wealth and income gap? Furthermore, Max Keiser suggests, there won't even be public markets in another few years based on the trend of taking markets private through stock buybacks and other financial engineering. Mitch Feierstein believes that before that happens, stocks like Amazon are way overvalued and are in for a massive correction along with other markets with extreme valuations. Tune into Double Down to hear more.

    We'd love to get your feedback at radio@sputniknews.com

    Tags:
    financial engineering, financial crash, boom, markets, stock market, Lehman Brothers, Central Bank, Janet Yellen
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment