Max and Stacy discuss the absence of significant wage growth in the face of massive shareholder dividends and stock buybacks following tax cuts. They also discuss the report suggesting that US spending may actually be twice as high as reported. In the second half, Max interviews Mitch Feierstein of PlanetPonzi.com about his charts! The Fed’s balance sheet continues to look very big; the velocity of money continues to grind to a halt; and, yet, the prices for houses and stocks continue to soar.
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