Spending Our Way Out of the Next Crisis

Stansberry Investor Hour

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4.4 • 677 Ratings

🗓️ 15 October 2020

⏱️ 89 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week's show, Dan brings repeat guest Kevin Muir onto the show to talk about some big macroeconomic ideas.

Kevin is a former institutional equity derivatives trader with decades of experience who now writes about a wide range of financial topics in his newsletter The MacroTourist. Kevin has a way of explaining difficult macroeconomic ideas in ways that are much easier to grasp.

The pair discuss a number of topics including market moves around the upcoming election, the long-term effects of the massive spending during the pandemic, and the validity of Modern Monetary Theory.

Kevin even shares some predictions about some of the big five tech stocks that you won't want to miss.

Plus, we have a mailbag for the ages this week. One listener writes in questions Dan's objectivity in pointing out issues on both sides. Has Dan been influenced by the Northwest liberal bubble? And another listener asks Dan to make the argument against two of his favorite investments... gold and bitcoin.

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.
0:11.5	Tune in each Thursday on iTunes, Google Play, and everywhere you find podcasts for the latest episodes of the Stansberry Investor Hour.
0:20.1	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.
0:28.6	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 Kevin Muir.
0:36.6	We haven't talked with him for about a year back
0:39.8	on episode 119. He's one of our favorite macro investors. And I promise you, my first question
0:45.3	will be something you want to know. Stick around for that. This week in the mailbag,
0:50.5	listener Lance Kay says he questions my objectivity because I refuse to take his side of the argument.
0:56.8	I'm not kidding. I'll read his whole email to you. You'll love it.
1:00.4	In my opening rant this week, I'll start out talking about why reading the news is harder than it looks,
1:06.0	and I'll finish up with a very short version of my presentation from last week's Stansberry virtual conference.
1:12.3	That and more right now on the Stansberry Investor Hour.
1:20.7	Earlier this week, I guess it must have been on Sunday.
1:24.6	The Financial Times came out with a headline and they said,
1:28.6	U.S. investors pivot to blue wave as odds favor Biden.
1:34.7	Market shifts towards small-count companies and value shares over growth stocks.
1:39.5	And we'll look at that idea in a minute.
1:41.7	So basically that headline and the article, if you read, it says,
	...

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