The Libra Win-Win and the
Markets' Third Wave
Harry Dent | June 21, 2019 | If you don't know by now that Facebook released its libra whitepaper on Tuesday, you're living under a rock. What you may not know is that bitcoin shot up on the news. That's because libra gives credibility to the cryptocurrency market, much like AOL did when it first brought email and the internet to the masses. But that doesn't mean it's going to be all sunshine and flowers from here on out. Just like AOL, Facebook faces a storm of lash backs and push backs from across the board. Regulators. Governments. Central banks. Cryptocurrency players. Citizens concerned with Facebook's growing involvement in every aspect of our lives. Ultimately though, libra will be a win-win and bitcoin will likely hit my target of $32,000 this year or early next year still… a forecast that Fundstrat Global Advisors co-founder Tom Lee concurs with. So, in today's video, I discuss why I believe libra is a positive and what I expect we'll see next in this arena. I also explore what's going on with the Fed's latest rate decision (to stand pat), and why I believe we're entering the third wave of the Dark Window. Watch now…  I will be emailing Boom & Bust subscribers on Monday with an update on the current shallow correction, and where we stand in the two possible scenarios ahead. Make sure you don't miss it. VISIT ECONOMY & MARKETS» Big Tech is the Key to the Market  This is a big week in The Rich Investor. Chief Retirement Strategist Charles Sizemore will be talking about the potential end of the bull market… why big tech stocks are the key… and how to build a recession-proof portfolio for when it does happen. Charles kicked off the week with a great Q&A video discussing how things are starting to change and what you can do about it.
If you missed this video, click here to watch it now. Then tune in all week to The Rich Investor, usually hitting your email inbox before 11am ET. | Trending Stories... They lie, cheat, and steal? No way! In 2014, Puerto Rico issued $3.5 billion in bonds backed by the full faith and credit of the Commonwealth. Now the island's fiscal managers, a group known as the PROMESA board, an entity that Congress created, claims those bonds are worthless. While investors put down their hard-earned cash... As you know, the Federal Open Market Committee (FOMC) meets every six weeks to decide whether they need to change policy to coax our economy in the right direction. You also know that the Fed has a Congressional mandate to provide maximum employment and stable prices, which it works to achieve by manipulating interest rates.... The dark days of 2009 now seem like forever ago. We didn't know which banks would survive. The Fed made all banks take bailout money so that citizens wouldn't know which ones were in trouble and then drain them of deposits. The Fed made bank stocks ineligible for shorting so that investors wouldn't drive their... With all eyes focused on Facebook's cryptocurrency reveal tomorrow, what the Fed will do this Wednesday, and Slack's IPO on Thursday, all of which we'll address in the coming days, let's turn our attention to another major issue that is silently unfolding: the great baby bust. More than any of the current hot events, it... When my team first heard of this cycle, they thought I was crazy. They begged – begged – me not to publish anything about it. I did it anyway, and when people heard about it, many thought I was coo-coo. Some people still do. But this cycle has proved to be one of the best... | 
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