ASSUME CRASH POSITION: The Global Debt Problem CAN’T Be Fixed – Grant Williams

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from WallStForMainSt:

VIDEO: Jason Burack of Wall St for Main St interviewed returning guest, Grant Williams Grant writes the popular investing newsletter, Things That Make You Go Hmmm. He also co-founded the new investor education company Real Vision TV

Grant has over 20 years experience working in the financial industry and he’s been a money manager and other jobs.

During this 30+ minute interview, Jason asks Grant how bad things are in the global economy since he travels all over the globe often?

Grant says the global economy has slowed down a lot and that the oil market is a major indicator.

Next, Jason asks Grant a listener question about if Russia will go bankrupt because of the low oil price and if it will have to sell any of its gold. Grant thinks there’s very little chance Russia or China sells any of its physical gold.

Jason then asks Grant about the collapse in the oil market and emerging market debt problems and if he thinks the crisis is much larger than the sub prime housing bubble?

Grant says there’s a global debt problem and either of these things is capable of collapsing the asset markets and the real economy.

Jason then asks Grant a number of WS4MS listener questions about whether the Federal Reserve will raise interest rates, the problems with GLD and about the survival and investment worthiness of gold mining companies.

Grant says in his 3 decades of experience, he has never seen a more hated group of investments than gold miners. He thinks sentiment will change in the near future.