We guarantee you'll learn plenty from this week's guest, Mark Dow.  Dan never fails to learn something valuable from reading Mark's website and Twitter posts.   Mark runs Dow Global Advisors and the @BehavioralMacro twitter feed and blog, where he shares his trade ideas and risk management techniques, along with macro commentary. He has more than 20 years of experience as a policy maker, investor, and trader—all of which focused on global macro and emerging markets.

Recording from Las Vegas for the annual Lifetime Stansberry Conference, Dan shares some of the insights he revealed to the most elite members of Stansberry Research, and a book recommendation that’s prompted his newest recommendation he just unveiled in Vegas. He then gets to the biggest bubble in history, which is giving rise to things like Austria’s 100-year bond unrolled last summer, and explains why this is, in fact, bigger than the tech or housing bubble or any other mania we’ve seen.

In this episode, Dan jumps straight into the interview with this week’s guest, David Levine. David is the Founder of Odin River and operates the popular @paranoidbull Twitter account. He has spent his career at top private equity and hedge fund institutions. David is an advisor and investor in numerous startups including Artivest, a successful Fin-Tech company with over 100 employees and ~$3B in AUM, which he helped to found. He was previously a key member of the investment teams at Paulson & Co. and Colony Capital. David’s background in philosophy has carried over to his investing approach, as has his own brand of risk analysis. Interestingly, he has this in common with his old professor Elizabeth Warren, who he used to have many chats about moral hazard and financial risk in our system – although as you’ll hear, this may be the only thing they have in common.

In this week’s episode, Joel Litman, CEO of Valens Research stops by the podcast to share how his firm uniquely cuts through Wall Street’s spin to tell if companies are lying. This is the guy Wall Street doesn't want you to know about. Extreme Value Editor Dan Ferris reveals how listeners can get into next month’s sold-out Stansberry Investment Conference in Las Vegas at a massive discount! Then Dan answers your questions from the mail bag. 

WeWork is in the news with preparations for its IPO, and Dan targets his weekly rant on the company’s mission you’ll never be able to deduce from its IPO filings. With its mission statements reading like mantras – “elevate the world’s consciousness, community company committed to maximum global impact,” Dan gets to the really damning statistic buried deep in the filing – “the bigger they get, the bigger their losses get. This thing ain’t working.” Dan then gets to the bubble in late-stage private financing, vulture capitalist Martin Shkreli’s latest antics, AT&T’s huge move, and the similarities between stocks today and stocks in 2018 right before the 20% plunge.

Dan’s weekly “rant” this episode my actually qualify as a rant – a 22-minute expose of a company about to go public that’s positioning itself as “the Facebook of fitness” even though it’s burning through cash at a rate like Netflix. Then again, there’s no denying the cult-like following this company has built – including a subscription service with a more than 95% renewal rate, which Dan acknowledges would be enough to get Stansberry management their own private island. “I’m just so flabbergasted by it all.” Dan then gets to the event some analysts are saying could add hundreds of billions of dollars in valuation to Amazon. “Of course this is gonna drive subscriptions, and people are gonna love it.”

In this week’s Investor Hour Podcast, Extreme Value Editor Dan Ferris discusses three different land mines for investors… Elon Musk, Beyond Meat’s latest bounce, and a looming reckoning in the bond market. Our special guest, Marty Fridson shares a dire warning about the next shoe to drop in the bond market.

On the heels of a new report warning GE is a bigger fraud than Enron, to the latest unjustifiable IPO of a flashy tech star, to the testing of autonomous vehicles, there’s a lot to unpack this week. Dan then gets to this week’s special guest, John Doody. John Doody brings a unique perspective to gold stock analysis. With a BA in Economics from Columbia, an MBA in Finance from Boston University, where he also did his PhD-Economics course work, he became interested in gold due to an innate distrust of politicians and concern over their habit of debasing the currency via inflationary economic policies. 

In a week of schizophrenic market behavior – a Monday morning rally followed by an intense midweek selloff – a lot of people are understandably rattled. With talk of a recession becoming even more pronounced thanks to inverted yield curve, Dan gets straight to some historical perspective. Meanwhile, it’s impossible to miss the headlines and chatter about negative interest rates – including the debut of the world’s first negative interest rate mortgage – paying borrowers to take out a loan – reported in The Guardian. Launched by Denmark’s third-largest bank, this could be paving the way for an eventual global phenomenon.