From Stansberry Investor Hour:
Porter dispels Wall Street rumors that Warren Buffett will come to the rescue of General Electric (GE), and tells you about the time he sat next to former CEO Jack Welch at a New York City Broadway play. Nobody knew what kind of financial engineering Jack was up to in the 1990s, possibly even Welch himself. Did the GE slogan “Imagination at Work” apply to their accounting, too?
International Economist Dr. Lacy Hunt from Hoisington Investment Management joins Porter and Buck to reveal whether record debt will break economies around the world, slow them down, or leave everything largely unaffected. Porter asks Lacy if a “Debt Jubilee” will come to pass. Despite history, you’ll be surprised to hear Dr. Hunt’s answer. Lacy reminds Porter that out of all the major economies in the world, the U.S. is still “the best of the worst.”
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