In this episode of the Keiser Report, Max and Stacy look at why container freight prices are hitting crazy new highs.
In the second half, Max talks to technical analyst Rick Ackerman of Rick's Picks trading newsletter about the case for DEFLATION despite the signs of inflation in prices all around us.
Rick Ackerman is the editor and publisher of Rick's Picks, an online service for traders from novice to expert. He has been trading himself for more than 40 years, a dozen of them as an options market-maker on the floor of Pacific Stock Exchange. CNBC and Bloomberg have featured his work, and he has written on the markets and the economy for numerous publications, including Technical Analysis of Stocks & Commodities;Stocks, Futures & Options; Barron's and The San Francisco Examiner. A headline in Barron's labeled him an "intrepid trader" after he helped the FBI solve a notorious pill-tampering case. He received a $200,000 reward and a guest appearance on FBI: The Untold Story. An epic party on San Francisco Bay celebrated the event.
Max Keiser is a former stockbroker and an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where he began working after graduating from NYU. With the help of Keiser's co-host, Stacy Herbert, and guests from around the world, Keiser Report tells you what is really going on in the global economy.