I've mentioned before my enthusiasm for Karmabanque Radio, a podcast conducted by my pals Max Keiser and Stacy Herbert. I'm thrilled to announce that Max and Stacy now have a new TV program on BBC World News called The Oracle.
On The Oracle, Max discusses current economic events with guests, while Stacy provides insights and presents statistical research to help frame the issues. In episode one, for instance, Stacy cites the "Cheech and Chong Index," which measures economic well-being based on the popularity of Cheech and Chong. At the end of each segment, Max calls upon the Oracle to help predict the answer to economic questions such as, "Are we in a recession or a depression?"
One of the ideas I liked from this first airing is the notion that low wages of U.S. workers helped create the current economic crisis. Richard Blustein, the alter ego of Yeast Radio's Madge Weinstein--another podcaster I love--also makes an appearance on the show. You can watch episode one of The Oracle in its entirety here.