the problem i see is they have these government to use in my view much more capable to be more effective in doing what it s ordered to do the problem is that it will be an illegal bit wrong direction so it will be a stated goal and then me and the idea is to make street investment was more effective it s more about if would be better at the c.s. private in the us. what we ve got to do is identify the threats that we have it s crazy to confront a shouldn t let it be an arms race off and spearing dramatic development only closely and going to exist i don t see how that strategy will be successful very critical time to sit down and talk. howdy max kaiser this is the kaiser report you know medievalism is coming back in a big big way one of my main stacie i have no idea but i will tell you something that we do see continuing all these bubbles around the world in interventions from the fed the fed keeps on intervening as we ve been talking about since september october of 2019 in t
howdy max kaiser this is the kaiser report you know medieval islam is coming back in a big big way one of my main stacie i have no idea but i will tell you something that we do see continuing all these bubbles around the world in interventions from the fed the fed keeps on intervening as we ve been talking about since september october of 2019 in the repo markets it s expanding it s expanding you know what else is expanding because everybody is looking at and waiting for a market crash and they ve been of course waiting for this market crash to happen for the past few years and never comes it never comes but here s an interesting indicator and this is one that i know that you were involved with with karma bank a long time ago 1718 years ago and that was the price to sales ratio because this is an interesting one to look at the price to sales ratio in the s. and p. $500.00 which is currently $2.00 is the highest in bloomberg data history going back to 1990 stock price as a mul
indicator that gives it an indication of where stocks are valuation wise historically price earnings ratio is also one looked at price to book is another one to look at what i mean by medievalism and i think we re heading into this is that the metrics that are used to measure stock valuations are meaningless in the 21st century when you have 0 percent interest rates effectively and you have unlimited credit available to what under theodore roosevelt in american history would have been called monopolies but continue well of course i would say that the fed are like in medieval times they re supposedly the ones that have all the knowledge they have a special book that nobody else can read there s no printing press there s no ability to read and understand and sit in a room and read this knowledge and share it allegedly but there what they re doing to what they see is wrong is money printing which is the equivalent of putting a leech on somebody s head. or drilling a hole in it a
the fed the fed keeps on intervening as we ve been talking about since september october of 2019 in the repo markets it s expanding it s expanding you know what else is expanding because everybody is looking at and waiting for a market crash and they ve been of course waiting for this market crash to happen for the past few years and never comes it never comes but here s an interesting indicator and this is one that i know that you were involved with with karma bank a long time ago 1718 years ago and that was the price to sales ratio because this is an interesting one to look at the price to sales ratio in the s. and p. $500.00 which is currently $2.00 is the highest in bloomberg data history going back to $990.00 stock price as a multiple of sales rights of coca-cola does a dollar and sale in the stocks of $5.00 for any of 5 time sales right so it s an indicator that gives you an indication of where stocks are valuation wise historically price earnings ratio is also one look
unlimited credit available to what under theodore roosevelt in american history would have been called monopolies but continue well of course i would say that the fed are like in medieval times they re supposedly the ones that have all the knowledge they have a special book that nobody else can read there s no printing press there s no ability to read and understand and sit in a room and read this knowledge and share it allegedly but there what they re doing to what they see is wrong is money printing which is the equivalent of putting a leech on somebody s head or drilling a hole in it and putting the leech on top of it trying to suck out the spear as the evil spirits and and terms of what the fed is than and whether or not it s you know we re in bubble territory or who s driving who member i keep on saying what came 1st the chicken or the fed because if you look at this chart of apple in tesla you know they were going up and down sometimes in tandem sometimes not until. whe