Fracking financial crisis lurking (E1277)
In this episode of the Keiser Report, Max and Stacy discuss the next financial crisis lurking around the corner, according to the NYTimes and how it was the Keiser Report who first warned you seven years ago that the economics of fracking make no sense . . . at least not yet, if one is seeking a return on an investment. However, fracking may make sense on national security grounds and it certainly creates a whole load of holes in the ground that economists like Paul Krugman believe are good for the economy. In the second half, Max interviews Wolf Richter of WolfStreet.com about the meltdown in Argentina. As the country was able, as recently as last year, to sell a ‘century bond,’ what has happened that so suddenly the finances collapse.
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