Porter Stansberry on a Potential Recession, Opportunities in Distressed Debt, & The Bull Case for Energy Stocks | #462
The Meb Faber Show - Better Investing
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The Distress Debt World - I'm in the Old Barbarians of the Gate
The Fed has warped capitalism over the last 20 years by consistently manipulating interest rates lower than the natural rate. That has encouraged corporate boards and executives to lever their balance sheets in a way that no one would do if it was a private company. This coming cycle into stress debt is going to be the most interesting that has ever happened in the history of capitalism. And there's no question that Carl Icahn will do better at this than anybody else.
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