The Imminent Death of the Middle Class with Porter Stansberry

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=niRW2Nn37yw

On this week's Stansberry Investor Hour, Dan and Corey welcome Porter Stansberry back to • the show. Porter founded Stansberry Research in 1999, and he recently returned as CEO and • chairman of parent company MarketWise (MKTW). With more than 25 years of experience as • a financial analyst and publisher to draw on, Porter shares his opinions on the current state • of the markets and which areas of the economy look most attractive today. • But first, Dan and Corey talk about investors' unfounded hopes for falling interest rates and • some Wall Street analysts predicting that the Federal Reserve will soon cut rates by 150 • basis points. I just don't see that happening, Corey says. Afterward, the conversation shifts • to the bond market, the drop in demand for U.S. Treasurys, China imploding minute by • minute, and the biggest turkeys who have made the most absurd financial decisions this • year. Plus, Dan explores investor psychology and how it has been warped by a decade-plus • of low rates and the longest bull market in history. (0:00) • Porter then joins the show and discusses why Ayn Rand's 1957 book Atlas Shrugged • continues to be relevant today, General Motors' chances of going bankrupt again, and his • new, old job as CEO of MarketWise. He explains his strategy for the company going • forward. (25:08) • Moving on to the broader economy, Porter shares an updated prediction of what he sees • coming for the market. In mid-September, he was concerned we were on the cusp of another • major financial crisis. But now he thinks the immediate danger may be past. (42:34) • Porter also shares that most quality businesses out there trade for high valuations, but those • with unrecognized quality still present fantastic buying opportunities today. Even companies • that have recently made negative headlines can still have incredible underlying value. • (48:48) • Finally, Porter details what's happening in the bond market right now and why he believes • it's worth investing in. And you won't want to miss his parting message, where he explains • why it's a great time to be alive despite any global issues or societal problems. Most • investors make the mistake of not being optimistic enough, he says. (57:35)

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