Chart of the year (E1593)
In this episode of the Keiser Report, Max and Stacy discuss 'the chart of the year' showing income soaring in the United States as government transfers boost household balance sheets. Hedge fund manager, Stan Druckenmiller, sees this as modern monetary theory and argues that it will cause inflation to run hot at between five and 10 percent in the next few years. In the second half, Max interviews Michael Pento of PentoPort.com about his assessment of markets as we head into the end of the year. They look at Warren Buffett's move into gold and what the prospects are for inflation… or deflation.
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