Ep. 167 Richard Ravitch – More Detroits on the Way

Welcome back to Stansberry Radio.Porter starts the show with a recap from his latest Digest Premium... If you don't want to buy stocks and you don't want to think about your investments, then you won't want to miss this update.Porter then reveals a big secret about corporate bonds that most investors are unaware of… This one has huge potential.Americas Car-Mart is back in the headlines... Aaron brings up the recent recall made by GM... You won't want to miss Porter's comments.Then, their guest, author of So Much to Do: A Full Life of Business, Politics, and Confronting Fiscal Crises, Richard Ravitch, joins the show.Porter asks Richard to tell listeners what caused the financial trouble during his time in public office and what has changed with the states that are still in trouble today.You'll hear him share the most significant action made in 1975 that has made sure that New York City has not been in trouble fiscally since then. Porter asks Richard a hypothetical question and is surprised by Richard's honest and thoughtful response.It's a fantastic show and an incredible interview.