US economy: Boom, or bust? (E1380)
In this episode of the Keiser Report, Max and Stacy discuss the booming GDP numbers as stock markets continue to hit new all-time highs. Despite the great headline numbers, former Obama administration economic advisers claim that the real economy – consumer spending and business investment – continues to show signs of stress. Max and Stacy delve into the economic powerhouse that is California, where every $100 of sales by a company in the state results in $57 of gross profit, far outstripping its competitors in China ($35 for every $100 in sales), or Japan, and Germany where gross profit stands at $39 for every $100 in sales. They also look at the flipside to California’s great economic success, as it costs hundreds of thousands of dollars to lock up juveniles in the state. In the second half, they look at the massive Chinese cash flows into the Arab world, and what that portends for the geo-economic landscape.
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