What Tech Unicorn IPOs Tell Us
About Our Humanity
Harry Dent | June 24, 2019 | 2019 has turned into the Year of the Tech Unicorn IPO. Lyft. Pinterest. Zoom. Uber. Fiverr. Slack. And we're only half way through the year. Airbnb, Palantir, Robinhood, and several others have plans to go public before year's end. Some of these fresh listings have been bad (ahem… Uber). Others have shot to the moon (like Slack). Like any IPO, it's a crapshoot which way things will go, a point that is especially true with all these new tech listings because their products are so… well… nebulous. There is a much more "scientific" way to hunt for your fortunes in the stock market, as Rodney has shown. I monitor all of these tech developments as they relate to my 45-year Innovation Cycle (and it's double, the 90-year Bubble Buster). And, as I've learned, the most unique talent in the world, economically speaking, comes down to the "radical innovators." That's the tiny percent of people who start new S-Curves… that then get improved and adopted in a predictable progression by the rest of society, and ultimately the world. These are the people that think out of the box and take the greatest risk early on. They also experience the greatest failure rate. But they must take that risk: no new S-Curves means no longer-term innovation… which means no human progress. The distinguishing intelligence of human beings over the next most intelligent mammal is… READ MORE » Trending Stories... 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... 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... | 
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