What Negative Oil Prices Mean for You

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

🗓️ 23 April 2020

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's episode of the Stansberry Investor Hour, Dan sounds off on the price of oil. Why on Earth did this happen? What does it mean for the average investor?

And could it happen again?

Next, Dan brings on Enrique Abeyta, editor from Empire Financial Research, onto the podcast for this week's interview. Over 20 years ago, Enrique started working on Wall Street, where he founded and served as managing partner at two long/short hedge funds.

Enrique famously generated positive returns during the bear markets after the Dotcom bust and the global financial collapse.

Enrique's not your typical Wall Street fund manager though. He's got some pretty controversial views on investing that leave Dan speechless. Listen for yourself 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.
0:31.6	I'm also the editor of Extreme Value published by Stansberry Research.
0:36.6	Today we've got a ton of value to dispense.
0:40.3	Our guest Enrique Abeta tells us about his time at Lehman,
0:44.3	and I push back on his thoughts about the firm's actions
0:48.3	during their demise at the last crash.
0:51.3	Plus, Enrique's premise that a stock has no value, he'll explain, your emails
0:57.9	always play a part, including Matt L, who wants to know about the best way to buy physical gold.
1:04.1	And as always, my rant, all about negative oil prices, why it happened, and what it means to you going forward.
1:12.5	All that and more right now on the Stansberry Investor Hour.
1:19.9	I suppose there is no way, just no way, to avoid a single topic this week, the one that's on everybody's mind. And it's pretty
1:29.4	important. And of course, I'm talking about negative oil prices. For the first time ever,
1:37.2	earlier this week, the crude oil market went nuts and the oil futures traded at negative prices as much as negative
1:46.0	$40 a barrel. In other words, there were people so desperate to get rid of barrels of oil
1:55.5	so they did not have to take delivery of them because, ew, they didn't want them, that they were willing to pay for a few
2:02.7	minutes there. It was as much as $40 a barrel. This is crazy, of course. But before we talk about
2:10.7	this, I just want to point out it's unprecedented with oil, but it's not completely unprecedented sort of in this modern era of the last year
	...

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