6min chapter

Wall Street Unplugged - What's Really Moving These Markets cover image

Porter Stansberry: Prepare for global chaos

Wall Street Unplugged - What's Really Moving These Markets

CHAPTER

Is the Fed Going to Print More Money?

In America, we have never had our corporations owe more debt as a percentage of GDP than they do today. 40% of the Russell 3000 does not earn enough free cash flow to cover interest payments. As these companies default, the bond owners are going to end up getting equity. And unfortunately that's going to wipe out the current equity holders.

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