Why Buffett Will Never Buy GE, Guest Dr. Lacy Hunt




Stansberry Investor Hour show

Summary: Porter dispels Wall Street rumors that Buffett will come to the rescue of General Electric (GE). Nobody knew what kind of financial engineering Jack Welch was up to in the 1990s, possibly even Welch himself. Economist Dr. Lacy Hunt joins Porter and Buck to reveal whether record debt will break economies around the world, slow them down, or leave everything largely unaffected. Porter asks Lacy if a debt jubilee will come to pass. Listeners ask about the ethics of investing in companies like Facebook.