Jun 18, 2020
Dan starts off this week's rant focusing on some crazy news the Fed just announced. Could we see a sideways market over the next five years? If you think it's impossible, just know it's happened before.
Plus, Dan takes a look at Hertz's insane new prospectus and highlights some of the gems. The company readily concedes that these shares will end up worthless, yet millions of shares are still being bought to this day.
Then on this week's interview, Dan brings 19-time-Emmy-winner and winner of 5 awards from the National Press Club, John Stossel, onto the podcast. John has been one of the biggest names in TV consumer reporting over his incredible 50 year career, working for both ABC News and Fox Business Channel. John also has written several books, most recently, No They Can't! Why Government Fails but Individuals Succeed.
During their interview, John tells Dan why he has left the mainstream media circle and created StosselTV on www.JohnStossel.com. They also discuss other hot button topics like the nanny state, trouble with policing in America, and the Coronavirus. You won't want to miss this interview.
On this week's episode of the mailbag one listener asks Dan, what happens to the crypto network when miners no longer receive compensation for their work? Also, are there any specific parallels from the Dot Com crash to today's market environment? And why do some bankrupt companies actually stay above zero?
Dan answers these questions and more on this week's episode.