How to Invest for a Recession

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

🗓️ 24 January 2019

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Dan launches into this week’s episode dissecting the warning from billionaire investor Ray Dalio, who’s saying there’s significant risk of a recession in 2020 – not just in the U.S., but a global slowdown.

While no one can tell the future, there is one grim statistic on Dan’s mind that doesn’t dispute this claim.

He then introduces this week’s podcast guest, Christopher Irons.

Christopher started writing about finance and "pulling the curtain" back on the B.S. of the industry under his moniker Quoth the Raven in 2013. Since then, he has been quoted in the Wall Street Journal, Financial Times and Barron's, has made Seeking Alpha's list of Top Bloggers, Forbes' 100 Twitter Accounts in the Financial World to Follow, and has shared the stage as a speaker with acclaimed investors David Einhorn, Andrew Left, Ben Axler, Jon Najarian and many others.

He's got a firm opinion on Tesla – and a prediction on exactly how the stock’s downfall will come about. And he’s not shy about calling another household name “fraudulent.”

In fact, Christopher is known for his blistering analysis behind shorting companies, starting with the first presentation Dan ever saw of his, titled “Short the Whole $%#@*&$ Thing.”

Transcript

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0:00.0	Broadcasting from Baltimore, Maryland, and all around the world, you're listening to the
0:05.7	Stansberry Investor Hour.
0:11.3	Tune in each Thursday on iTunes for the latest episodes of the Stansberry Investor Hour.
0:16.2	Sign up for the free show archive at Investor Hour.com.
0:19.8	Here is your host, Dan Ferris.
0:22.1	Hello, everyone. Welcome back to another episode of the Stansberry Investor Hour.
0:26.7	I'm your host, Dan Ferris. I'm the editor of Extreme Value, a value investing service
0:31.9	published by Stansberry Research. All right, let's get to it. Let's just talk a little bit about what's been going on lately.
0:40.6	USB. Okay. So USB, or I'm sorry, UBS. I always do that with this company. It's called UBS, not USB.
0:48.4	Union Bank of Switzerland is what it used to be called. But now they just call it UBS. So their stock was down like 5% this morning
0:56.7	as they reported that clients pulled about $13 billion out of their wealth management,
1:05.5	what they call their global wealth management and asset management businesses. And this doesn't surprise me at all because, of course, what just happened in the fourth
1:18.0	quarter, we had this big, you know, almost 20% drop in the stock market.
1:23.1	And of course, investors always respond the same way.
1:27.0	They, you know, They sell, right?
1:28.9	That's how those events get going.
1:30.9	That's how the market's down 20% in three months.
1:35.1	There's people selling and pulling money out of things like that.
1:38.3	But this kind of highlights something about the asset management business in general.
1:43.0	And it's one reason I'm careful about it is that when things go bad, like it's a,
1:49.0	when things go well, it's a wonderful business because you can scale up, right?
1:54.0	It's, you know, just in round terms.
	...

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