Wall St. For Main St., Released on 4/1/20
During this 40+ minute interview, Jason asks Grant if things over the last month behind the scenes were worse than the 2008 financial crisis? Grant thinks that things were a lot worse than 2008 but that the Fed rolled out a lot more bailout programs that are larger in size than in 2008 and also rolled out the bailout programs considerably faster than in 2008. Grant thinks that the Fed is so desperate that they will buy stocks soon (somehow) and that there’s more problems to come in corporate bonds. Jason also asks Grant about the chaos with the US Dollar and this massive global margin call on the Dollar, what the Fed can do to stop it, the physical shortage in gold, how well positioned gold miners are and his opinion about the oil market crash since the first week of January 2020.
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.
Grant Williams is the portfolio manager of the Vulpes Precious Metals Fund and strategy advisor to Vulpes Investment Management in Singapore. Grant has 28 years of experience in finance on the Asian, Australian, European and US markets and has held senior positions at several international investment houses, including Robert Fleming, UBS and Credit Suisse. Since 2009, he has also been writing the popular investment newsletter Things That Make You Go Hmmm…