Porter & Co. Black Label Podcast Economics and Incentives With Grant Williams
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Nov 20, 2023 Grant Williams, hero of finance, joins Aaron and Porter to discuss the precious metals market, equities for the next decade, macroeconomics, government promises, central banks, and the biggest issue for our economy. The podcast also includes discussions on Bank of America, workforce demographics, Supreme Court rulings, and exciting upcoming projects.
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Meat Day Tradition
- Porter Stansberry started "meat day" in 2007 after his first child was born.
- It involves friends, barbecuing, and college football, starting with brisket and poached eggs at 9 a.m.
Bank of America Deposits
- If you have excess cash in Bank of America earning low interest, consider moving it to treasury bills with higher rates.
- Bank of America has significant unrealized losses in its bond portfolio.
Regional Bank Risk
- Regional banks, particularly those with aggressive growth and suspect assets, are vulnerable in the coming credit cycle.
- Porter Stansberry predicts their failure due to factors like poor bond portfolios and struggling commercial real estate.