The ‘Escher Economy’ and a ‘World of Pure Imagination’: Porter interviews Grant Williams
From Stansberry Investor Hour:
Porter’s back from Nicaragua and he’s growing more and more concerned about corporate and consumer debt. In our current “Escher Economy” it’s hard to distinguish which way is up and which way is down. The underlying balance sheet of the U.S. consumer is in big trouble and Porter tells listeners that the likely outcome could lead to big changes at America’s ballot box in 2020.
Porter and Buck welcome special guest Grant Williams, co-founder of Real Vision TV. Known as “Netflix for finance geeks,” Real Vision is the world’s only video-on-demand channel with a finance and investor focus. Porter and Grant talk about how we’ve come to accept the madness of global economic activity over the last decade, how there seems to be a bubble forming in just about every asset class, and the two big signals to watch for that will show you when economies fueled by debt are about to run out of gas.
Porter answers a listener’s question in the mailbag about gold and gold miners… and reveals one of the biggest mistakes you can make with these investments. Next week, Porter and Buck interview James Damore, the ex-Google employee who wrote the viral memo, “Google’s Ideological Echo Chamber.”
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