Sep 22, 2017
Porter and Buck have a laugh over the recent news of Chase’s Jamie Dimon trying to convince the world that Bitcoin is a fraud. They reveal the real reason behind Dimon’s panic, and why Bitcoin and blockchain technology is one of the most significant risks central banks will face in the near term. Porter and Buck welcome David Tice, President of Tice Capital and one of Wall Street’s most prolific bears. David tells Porter that he’s singing a slightly different tune lately after reading Steve Sjuggerud’s Melt-Up thesis. Porter asks David about the toxic stew of debt from reckless student, corporate, and auto loans…and shares the biggest prediction he’s been wrong about. David and Porter both give you their “bear market survival plan” for when this historic bull market finally takes a break. You’ll learn what to own, what to avoid, and how to come out unscathed in the next market downturn. Porter points out that the recent Toys R Us bankruptcy could be the canary in the coalmine that leads to a bond market reckoning. Buck channels “Arianna” and “Bill” for a timely response to a listener’s question.