Pushing plastic, holding junk bonds (1594)
In this episode of the Keiser Report, Max and Stacy discuss the fact that for all of our virtue signaling, most plastic is not, in fact, recycled. It is just dumped in the landfill with all our other trash. The marketing ploy, however, has kept us from changing our toxic lifestyles. They also discuss the Fed not buying any junk bonds even though they had suggested they would, and caused a bunch of dumb money to try to front-run the central bank, alas, they are now left holding the junk bond bag. In the second half, Max continues his interview with Michael Pento of PentoPort.com about property markets including commercial mortgage-backed securities and what an ongoing lockdown might bring to the sector.
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