Business news without the bullshit

The Minsky Moment

When debtors realized they've walked off a cliff

Subscribe to RealEconTV

Your e-mail address is kept absolutely private
We make it easy to unsubscribe at any time

Max Keiser on the Global Ponzi Scheme

Rising housing prices...lowered standard of of the little discussed causes of the uprising in Hong Kong.

The culprit: Economic distortions caused by "hot money."

Remember EQ is a trickle down phenomenon. Big banks get super cheap money which they lend down to their friends who in turn inflate asset prices which then "trickles down" on consumers. Largely the young.

Great old saying that explains what's really going on.

"Don't piss on my leg and tell me it's raining."

The economy is good because stock prices are high and luxury housing is abundant. Please.

That which cannot go on forever, will not go on forever.