We're Bringing You More Video Than Ever

We're bringing you more video than ever... Exclusive coverage of the IMF meetings... The World Bank president warns of 'disorderly defaults'... Another bitcoin $1 million bull... A new podcast from American Consequences...

If you haven't noticed, we've been creating a lot more video content lately...

We can tell that a lot of folks have already noticed, though... because our YouTube page now has nearly 125,000 subscribers. And readers who have been with us for a while know we've been sharing videos near the bottom of our Digest essays for most of the past year.

But these videos are just scratching the surface...

Frankly, much like with our written content, we know it can be difficult to follow all of our videos – or even know where to find them.

You have a life, after all... and digging through e-mails and links isn't something you probably want to spend a lot of your time doing.

That's a big part of what we do during the week here in the Digest... We share what's going on around our "virtual" office so you don't have to go searching for every last piece of content we produce.

Recently, that has meant we've been watching and listening to a lot more videos from our team. The regular COVID-19 briefings from Retirement Millionaire editor Dr. David "Doc" Eifrig and senior analyst Matt Weinschenk come to mind, for starters.

And today, I (Corey McLaughlin) want to show you where you can find our growing amount of video content... and touch on what our editors and analysts have been saying in these videos.

For instance, our colleague Jessica Stone and Stansberry NewsWire editor C. Scott Garliss have been busy on the video front this week... They've been working around the clock to provide in-depth coverage of the International Monetary Fund ("IMF") and World Bank's semiannual meetings.

These meetings involve various stakeholders in the global economy – like the World Bank president, who spoke to members of the G-20 today. More on that below...

Over the past three days (and continuing through the rest of the week), Jessica and Scott have provided live analysis of these meetings on our Facebook page – in addition to Scott's updates on our NewsWire.

We'll start with an exclusive interview that Jessica and Scott landed yesterday...

They talked with Fabio Natalucci, a deputy director of the IMF's monetary and capital markets department. In plain English, he's essentially a top global risk analyst for the IMF.

And as Scott pointed out to us today in a private note, Natalucci most notably said in his interview that central banks around the world – the Fed and its counterparts in Europe and Asia – have more tools ready to support the economy and are ready to use them. (Though he also admitted he might be a bit biased.)

Here's a clip from our Twitter feed of Jessica and Scott's interview with Natalucci...

And for those of you who prefer seeing the words in front of them – or simply want to avoid Twitter – here's what Natalucci said (friendly Italian accent not included, unfortunately)...

[Central banks] have proven to be quite creative. It's not just an issue of cutting rates to zero. In fact, in some countries they went below zero, they went negative. We can debate how negative you can go and what's appropriate, but you can cut rates more. If that's not enough, you can provide forward guidance to get a sense of where rates would be.

Then, Natalucci pointed out what the Fed has done with its "dot plots" – or the predictions of its 17 governors that the central bank shares following its meetings during the year. We wrote about these projections back in June, for example, when we said to expect...

A rock-bottom fed-funds rate for at least the next two and a half years...

This doesn't exactly strike a tone of positivity for the U.S. and world economy. But it also seems to mean "easy money" forever... or at least until COVID-19 fears are gone...

At the least, even if things don't play out exactly as projected (and with the way 2020 is going, that's a good bet) the central bank's most recent comments yesterday signaled to U.S. businesses that it will do whatever it takes to prop up the economy... to keep money cheap... and to keep hope alive... for the next couple of years.

This hasn't changed a bit. As Natalucci told Jessica and Scott...

That's a way of communicating, I don't want to say a commitment, but intention of the central bank given what is known today. They can also do asset purchases... and they've provided direct support to the markets in the hopes of bridging the recovery.

During their video coverage today, Jessica noted a few key comments from IMF leaders...

In response to a question about the biggest risk to a global economic recovery, IMF Managing Director Kristalina Georgieva said she worries most about "withdrawing support prematurely." And Georgieva continued...

It could cause a wave of bankruptcies and unemployment. We are advising governments to do as much as you can.

Similarly, World Bank President David Malpass said his organization's governors are planning to talk next week about how to address what he called the "debt crisis" in poor countries around the world...

It's important that it not just kick the can. It's urgent to make rapid progress on a framework because the risk of disorderly defaults is rising.

Yes, that's the World Bank president warning of "disorderly defaults" – as opposed to widespread orderly defaults, I suppose.

Malpass said the World Bank is calling for $25 billion in further COVID-19 emergency financing to help the world's poorest countries grapple with the massive challenges of the global pandemic. That doesn't mean it will happen, but the message is clear.

Bottom line: Expect more stimulus from central banks around the world...

And this only puts tailwinds behind all the macro themes we've talked about this year...

Like rock-bottom interest rates, for example... meaning you might have to get creative to find significant "safe" yield, while experiencing more economic and market volatility ahead.

Plus, everything we heard from the IMF meeting this week so far has only supported the bull case for "hard assets" – like gold or bitcoin – as inflation moves higher and as currencies pegged to the dollar lose their value.

The same thing goes for when Congress and the White House reach another massive stimulus deal, as Speaker of the House Nancy Pelosi and U.S. Treasury Secretary Steven Mnuchin are continuing to negotiate.

For more from Jessica and Scott, click here to sign up for free alerts about their live coverage... and check out our social media pages for the full interview with Natalucci and much more. If you don't already, be sure to follow us on Facebook, Twitter, and Instagram.

And as always, you can catch all of our free videos on YouTube...

Be sure to subscribe to the Stansberry Research channel for free if you don't already. Like we said, nearly 125,000 folks do already.

You'll see some new and some familiar faces there. Daniela Cambone-Taub, the former editor-in-chief of gold, silver, and precious metals news website Kitco, recently joined our team as an editor-at-large. And she has hit the ground running...

Daniela has been recording interviews with a lot of heavy hitters in the finance world over the last month. Last week, for example, she posted a video with Raoul Pal, the Real Vision founder and one of our favorites who we've quoted in the Digest before.

Pal is a keen macro mind... And among other things, he told Daniela that he sees bitcoin's price going to $1 million in five years. Hmm, we've heard "bitcoin to $1 million" somewhere before from someone else we know... Crypto Capital editor Eric Wade. (You can read his case for it right here).

Long story short... like most things in the finance world (and beyond), there are a lot of dots in our universe that can – and need to – be connected to paint a full picture of our editors' and analysts' outlooks on the economy and markets today.

So, we'll be working to do that better by sharing more links to our exclusive video here in the Digest in the weeks, months, and years ahead...

While we're on the topic of digital media, one final note today...

Our friends over at American Consequences magazine have recently brought Trish Regan on board as an executive editor.

We mentioned Trish, the former host of Trish Regan Primetime, after she presented at our annual Stansberry Conference last week. Now, she has launched a new podcast over at American Consequences.

Each week, Trish will feature interviews on the topics that matter, including monetary policy, politics, markets, and world economics. You'll get a view of the Fed, the White House, and the world from an experienced media personality.

Trish has interviewed numerous heads of state, including multiple U.S. presidents, vice presidents, Fortune 500 CEOs, and other institutional, charitable, and government leaders... It's clear that she brings a wealth of experience to her new venture.

If you're interested, you can check out the podcast for free to stay up to date on Trish's biggest guests and the best analysis. She just posted her latest episode earlier the evening. And on a related point, you can also browse the free American Consequences magazine today by clicking here.

New 52-week highs (as of 10/13/20): ARK Fintech Innovation Fund (ARKF), Alibaba (BABA), BlackLine (BL), Crispr Therapeutics (CRSP), Corteva (CTVA), Dollar General (DG), Innovative Industrial Properties (IIPR), KraneShares Bosera MSCI China A Fund (KBA), Maxar Technologies (MAXR), McDonald's (MCD), MongoDB (MDB), Rollins (ROL), Sea Limited (SE), T-Mobile (TMUS), The Trade Desk (TTD), Belo Sun Mining (VNNHF), and Zendesk (ZEN).

In today's mailbag, feedback on yesterday's Digest about the inverted yield curve as a recession indicator. Do you have a comment or question? As always, send your notes to feedback@stansberryresearch.com.

"As usual, some interesting items to 'Digest.' In my humble view the 'yield curve' indicator is not valuable this time around. First, the August 2019 inversion was a blip on the screen so to speak. In order for the inversion to have historical relevance, you need at least a few weeks to about 3 months+ of 2t-10t inversion. Second, this current time frame is very different than in 1979-1980 and again in 1998-99. This time we deal with low to zero interest rates, record debt, global money easing, and more paper money printing are current factors and at levels never seen before. Makes the inversion like a baseball minor league utility player. All other factors mentioned are in the majors.

"I agree with your final analysis that we are in the early stages of another bull run, likely to new highs in blue chip and quality cash flow positive companies. Just watch what happens over the next month to set up the next 4+ months. More money printing in large amounts will be with us well into 2021-22 no matter who's U.S. President. Get ready for a wild ride to new highs in the major indexes. AND the yield curve stays in the minors for now." – Stansberry Alliance member Gary F.

All the best,

Corey McLaughlin
Baltimore, Maryland
October 14, 2020