Before we get going, here's the bit where I remind you that nothing we discussed should

be considered as investment advice. This conversation is for informational and hopefully entertainment

purposes only, so while we hope you find it both informative and entertaining, please

do your own research or speak to a financial advisor before putting a dime of your money

into these crazy markets. And now, on with the show.

What you're about to hear is a special preview of the most recent episode of the end game.

As Bill Fleckenstein and I welcome Jim Stack of Invest Tech Research to the podcast for

an excellent discussion about previous bubbles, the lessons learned from both Japan in the

1980s and the tech boom of the 1990s as well as a look inside Jim's proprietary technical

indicators that have allowed him to sidestep many major corrections for almost five decades.

The full conversation is available to subscribers to the copper and silver tiers of my website

grant-Williams.com. So if you want to listen to a rare conversation with one of the quiet

stars of investment analysis, head to grant-Williams.com.

Jim, thank you for joining us on the end game. And one of the things that we have been

trying to explore with thoughtful investment people that we know is how might this

period of money printing end. Obviously, there's a lot of different ways it can end. I don't

think anyone thinks it can go on forever, but I think Wall Street and the public have been

pretty convinced there's no adverse consequences of that. And despite the writings that you

have, I mean, I read your issues whenever you publish them, I can see that you're kind

of concerned about some things, but I haven't noticed you really talk about how this period

may end. And have you given it much thought? Do you have any insights on that? I've just

open it in question. Actually, I would say that I'm lying awake at night worrying about

...