The Phaserl


Keiser Report: UK Budget = Pig with Lipstick

from RT:

Max Keiser and Stacy Herbert discuss how wrong the minister for universities in the UK got his maths so, so wrong. The tripling of student fees has, in fact, cost the government more in defaults than had the government kept fees at £3000. They also discuss house prices earning more in a month than one of these university educated graduates earns in a two years. In the second half, Max puts lipstick on a pig with Mitch Feierstein, author of Planet Ponzi. They discuss the UK, Spanish and Chinese debt stories and what it would take Mitch to become bullish on the S&P.

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