Keiser Report: #Carmageddon (E1086)

[Este episodio en Español] New subprime crisis is here! Wait! What is subprime?

Subprime is a classification of borrowers with a tarnished or limited credit history. Lenders will use a credit scoring system to determine which loans a borrower may qualify for. Subprime loans carry more credit risk, and as such, will carry higher interest rates as well. Approximately 25% of mortgage originations are classified as subprime.

— Source: Investopedia

It's a sad story of a desperate search for a yield. Which usually can only end in two ways: with an extermination of Wall Street cockroaches or a horrific death. Max and Stacy are explaining how to avoid that unwanted one.

In this episode of the Keiser Report, Max and Stacy discuss [hashtag]carmageddon and the toxic debts that have brought the credit markets to such a scary place.

Trip to Cuba

In the second half, Max continues his interview with journalist and businessman, Vito Echevarria of Cuba Ventures Corp., about the latest in the US-Cuba relationship and how much of Obama’s progress is likely or not to be rolled back.

Mr. Echevarria is a New York-based journalist who graduated from Fordham University with a BA in political science, while later attending courses at the University of Miami School Of Law. Mr. Echevarria specializes in Cuba's foreign investment landscape.

Mr. Echevarria first visited Havana in 1996 to cover the island's emerging biotechnology sector for America Economia, a Dow Jones business monthly magazine based in Santiago, Chile. Since then, Mr. Echevarria has written extensively for the Miami-based publication “CubaNews” (now CubaStandard) — covering Cuba's de facto transition from Marxism to state-controlled capitalism, while profiling a variety of foreign companies and entrepreneurs vested in Cuba’s energy, real estate, information technology, hospitality, agribusiness, tourism and numerous other sectors.

Earlier episodes of Keiser Report:

[e1085] Generational Gap (ft. Vito Echevarria)
[e1084] Trump’s Potemkin trade deals (ft. Tyson Slocum)
[e1083] Everything in Bubble (ft. Randy Voller)
[e1082] Middle East Diplomacy (ft. Randy Voller)
[e1081] 'Liquidity Turbulence' (ft. Jameson Lopp)
[e1080] Is There a Tech Bubble? (ft. Jameson Lopp)
[e1079] Dotcom Bubble 2.0? (ft. Karl Denninger)
[e1078] Germany vs USA in era of deglobalization (ft. Max & Stacy)
[e1077] ‘NIRP Refugees’ (ft. Craig Hemke)
[e1076] Bitcoin Stealing Gold's Thunder (ft. Craig Hemke)
[e1075] 'Criminal Organisation Deutsche Bank' (ft. JP Sottile)
[e1074] 'Long Live Trump!' (ft. Michael Pento)
[e1073] Debt & Taxes in the Age of Trump (ft. Michael Pento)
[e1072] Welcome to White House aka Profit Source (ft. Christopher Whalen)
[e1071] Belt and Road initiative (ft. Josh Crumb)
[e1070] Fake Healthcare (ft. Dr Cory Annis)
[e1069] Fake Powers (ft. Dr Cory Annis)
[e1068] Never-ending Greek bailout (ft. Sol Trumbo Vila)
[e1067] Shareholders Getting Leftovers (ft. Paul Craig Roberts)
[e1066] All Talk, No Action (ft. Mark O’Byrne)
[e1065] Post-Brexit World (ft. Alasdair Macleod)
[e1064] America-China Financial Wars (ft. Alasdair Macleod)
[e1063] Fed Balancing Sheet (ft. Dan Collins)
[e1062] Silicon Valley Destruction (ft. Dan Collins)
[e1061] End of Easy Money? (ft. Mike Maloney)
[e1060] Russian Connection (ft. Reggie Middleton)
[e1059] High Rent Blight (ft. Roy Sebag)
[e1058] Horrible Advice for Generation X (ft. Christopher Whalen)
[e1057] Hashtag KushnerAtWar (ft. Tyson Slocum)
[e1056] What is Wrong with America? (ft. Lee Camp)
[e1055] 'Powerful KeiserPepe' (ft. Tyson Slocum)
[e1054] Killing Web Privacy for Measly $1M (ft. Jaromil)
[e1053] Go Viral or Die Trying (ft. Jaromil)
[e1052] Pension Crisis (ft. Dr. Bob Gill)
[e1051] Lethal Economic Shocks (ft. Prof. John Mill Ackerman)
[e1050] ‘The New Detroit’ (ft. Prof. John Mill Ackerman)
[e1049] Trail of ‘American carnage’
[e1048] Heading for Global War (ft. JP Sottile)
[e1047] Health Care Hard Choices (ft. Gerald Celente)
[e1046] Economic Populism (ft. Mish Shedlock)
[e1045] Jon Corzine’s Big, Bad Bond Bet (ft. Charles Hugh Smith)
[e1044] Bloodletting Among Retailers (ft. Wolf Richter)
[e1043] Rise of the Machines (ft. Wolf Richter)
[e1042] Neoliberalism is Junk (ft. Prof. Steve Keen)
[e1041] Big Money in Space Junk (ft. Tim Pool)
[e1040] Cognitive Dissonance in US Stock Markets (ft. Dr. Chris Martenson)
[e1039] Financial Toxicity in the US (ft. Dr. Chris Martenson)
[e1038] Breakdown in Liberal Ideology (ft. Michael Krieger)
[e1037] Greek Final Reckoning (ft. Tim Shorrock)
[e1036] China-US Trade War (ft. Dan Collins)
[e1035] Ingredients for a New Global Crisis (ft. Nomi Prins)
[e1034] Trump Implosion That Wasn’t (ft. Nomi Prins)
[e1033] Trump’s First Hundred Hours (ft. Dr. Michael Hudson)
[e1032] Financial illusionism, crocodiles feasting (ft. Trond Andresen)


More at: MaxKeiser.com and YouTube channel Max Keiser TV