Coronavirus and the Economy: It’s Not Over Yet

With states that were spared in the spring now getting hit hard by Covid, the economy is about to take another hit…

This story was originally published here.

Just when we thought the worst was behind us, coronavirus is back with a vengeance this week. Several U.S. states, including Florida, Texas, and California, are now reporting record daily case numbers.

The sudden spike in infections comes on the heels of both loosened quarantine restrictions and massive nationwide protests. The political left wants to blame reopenings, while the political right wants to blame everyone who took to the streets. As far as we’re concerned, though, it doesn’t matter.

Whatever the cause, the fact is that coronavirus is back in the news cycle, and economic forecasters are once again left scratching their heads as to how this all turns out. We’re still months out from even the chance of a working vaccine, and that has left much of the economy paralyzed or at least stuck in limbo. 

At this point, there are a lot of people who are simply over it already. They figure the virus is out there and if they get it, they get it. No sense in hiding under a rock for the rest of our lives; let’s just get back to normal already. There are still plenty of people, though, who think we need to maintain serious caution. They may fear for their own lives or the lives of their family. Neither of these positions are without any merit.

So long as a significant portion of the population is left feeling afraid, though, we will continue to face a degree of economic disruption. This has all been going on for nearly six months now, still with no end in sight. And yet, U.S. stocks, somehow, are flirting with record highs as I type…

Editor's Note: Click here to keep reading.

The “Tesla Killer” launches 90,900% market surge

I’m here 3,000 miles from home in Long Beach, California.

This industrial suburb looks nothing like Silicon Valley, but recently it’s become the epicenter of an explosive new technology.

One that’s taking the $2.5 trillion electric vehicle market by storm.

It charges in just minutes — not hours. It’s 100% emission-free, costs next to nothing, and involves no fossil fuels. The only thing it emits is pure, clean water.

This is why experts call this technology the “Tesla Killer.” 

I came here to try it for myself and see if all these claims were true.

And incredibly enough, the “Tesla Killer” worked better than I imagined.

The car took moments to fill and drove like a dream along the California coast, lasting hundreds of miles.

I’m now certain that no Tesla could possibly compete with it.

That’s why Bloomberg projects it to “skyrocket 1,000 times over.” And best of all…

The tiny, little-known stock behind the “Tesla Killer” are trades for just a few bucks

Don’t wait another moment.

Now you can lock in its shares at a few dollars, instead of $300 like Tesla.

Click here for the full story.

Godspeed,

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Jimmy Mengel

Investment Director, The Crow’s Nest