From Porter Stansberry and Bill Bonner in Stansberry Digest:
The corporate-credit market is about to collapse.
Are you prepared?
Today, we’re kicking off a two-part series that features an excerpt from a recent conversation Porter had with his longtime business partner and professional mentor Bill Bonner.
In today’s post, Porter and Bill discuss the difference between investing and speculating… central banks’ roles in manipulating the global economy… and how to maximize your profits as the default cycle begins to unfold… Tomorrow, we’ll cover a single statistic that will tell us exactly when the credit default cycle has started.
Porter Stansberry: Bill, I want to talk to you about the biggest investment idea I’ve ever had in my 20-year career.
I call it Stansberry’s Big Trade. It’s a way to profit from the coming collapse in corporate credit.
There’s a big difference between investing and speculating. Could you start us off