Following the Hertz Herd Off A Cliff

Stansberry Investor Hour

Stansberry Research

America, How, To, Crash, Money, Learn, Stansberry, Income, Research, Debt, Stocks, Porter, Business, Realestate, Banking, Investment, American, Investing, Invest, Howtosave, Sjuggerud, Ferris, Eifrig, Jubilee, Buck, Sexton, Market, Bonds, Churchouse, Savings, Options, Lashmet

4.4 • 677 Ratings

🗓️ 18 June 2020

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Dan starts off this week's rant focusing on some crazy news the Fed just announced. Could we see a sideways market over the next five years? If you think it's impossible, just know it's happened before.

Plus, Dan takes a look at Hertz's insane new prospectus and highlights some of the gems. The company readily concedes that these shares will end up worthless, yet millions of shares are still being bought to this day.

Then on this week's interview, Dan brings 19-time-Emmy-winner and winner of 5 awards from the National Press Club, John Stossel, onto the podcast. John has been one of the biggest names in TV consumer reporting over his incredible 50 year career, working for both ABC News and Fox Business Channel. John also has written several books, most recently, No They Can't! Why Government Fails but Individuals Succeed.

During their interview, John tells Dan why he has left the mainstream media circle and created StosselTV on www.JohnStossel.com. They also discuss other hot button topics like the nanny state, trouble with policing in America, and the Coronavirus. You won't want to miss this interview.

On this week's episode of the mailbag one listener asks Dan, what happens to the crypto network when miners no longer receive compensation for their work? Also, are there any specific parallels from the Dot Com crash to today's market environment? And why do some bankrupt companies actually stay above zero?

Dan answers these questions and more on this week's episode.

Transcript

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0:00.0	Broadcasting from the Investor Hour Studios and all around the world, you're listening to the Stansberry Investor Hour.
0:08.0	Tune in each Thursday on iTunes, Google Play, and everywhere you find podcasts.
0:16.0	For the latest episodes of the Stansberry Investor Hour, sign up for the free show archive at InvestorHour.com.
0:23.6	Here's your host, Dan Ferris.
0:26.6	Hello and welcome to the Stansberry Investor Hour.
0:29.6	I'm your host, Dan Ferris.
0:30.6	I'm also the editor of Extreme Value, published by Stansberry Research.
0:34.6	Today we'll talk with John Stossel, you know, that libertarian guy who used to be on ABC News.
0:41.3	We'll talk with John about what's happening in the world today and how he's getting his liberty-focused message out today.
0:48.5	This week in the mailbag, listener Pete L tells us how he beat the S&P 500 by 10% year to date.
0:56.1	And I'll call in my crypto posse, Eric Wade and Fred Marion,
1:00.0	to help answer a very deep question about Bitcoin from listener Jonathan H.
1:05.3	In my opening rant this week, I'll sing a little bit of an old 1980s classic,
1:10.4	and then I'll tell you why I'm doing it. And we'll talk a little bit of an old 1980s classic, and then I'll tell you why I'm doing it.
1:12.4	And we'll talk a little bit more about the Hertz bankruptcy, that and more right now on the Stansberry Investor Hour.
1:24.8	Turning Japanese. Oh, yes, I'm turning Japanese. I really think so. That's all I'm going to sing. I'm not a great singer. Not at this hour in the morning anyway. Why am I singing a 1980s classic turning Japanese? Because I think the U.S. is turning Japanese. At least the central bank is turning Japanese. What do I mean by that? Well, earlier this week, the Fed
1:48.0	said it's going to start buying individual corporate bonds. And of course, Japan has been over
1:53.4	this ground. They've been doing, they're about a decade ahead of us. Back in 2002, they had
2:00.1	deflation. It was, you know, it was ripping the economy up and,
2:03.5	of course, ripping the stock market up. And that's when sort of the ruling party, the political
2:09.2	party back then kind of strongly suggested that the Bank of Japan might want to buy some equity
2:15.5	ETFs.
	...

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