Your Weekly Economy & Markets Digest

This Week in Economy & Markets...

Puerto Rico: A Disaster That's Already Happening

Rodney Johnson | Feb 13, 2020

One of my best friends in college hailed from Puerto Rico, the daughter of Cuban immigrants. I went to her wedding in Old San Juan and enjoyed a glorious few days on the island. Harry moved there a few years ago and often speaks of the beautiful setting and wonderful restaurants. I get it. The...

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Flying Blind on the Coronavirus

Harry Dent | Feb 12, 2020

I have now heard from three experts that this coronavirus is at least 10 times worse than the Chinese government is reporting. First a top military consultant; then John Thomas (Editor of the Mad Hedge Fund Trader), who sat next to an expert from Wuhan on a plane; and recently from...

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Avoiding the Car Companies

Rodney Johnson | Feb 11, 2020

Let's get one thing out of the way. Tesla. The iconic electric vehicle company produced about 360,000 cars last year and lost $864 million. That was a win; the company lost over $1 billion in 2018. Founder and CEO Elon Musk thinks they might produce 500,000 cars this year. They might even turn a smidge...

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Tesla Bubbling Up

Harry Dent | Feb 10, 2020

Elon Musk was looking like a crazy man in June of 2019 when Tesla (Nasdaq: TSLA) stock plunged to a low of $179. But now he's a real genius, with the stock peaking at $969 on February 4. Welcome to bubble land. This is just another sign, along with the very bubbly performance in most of the FAANG stocks, that we are...

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