If you've been paying attention to the crude oil market over the last couple of days, alarm bells should be going off in your head. Yesterday, the May futures contract dropped below $0. That contract was set to expire today, so anyone who was short futures today were contractually obligated to deliver oil. The problem [...]
There is some growing evidence that the Coronavirus (Covid-19) arrived in the U.S. as early as last Fall. If that is the case, many people have already built up immunity. A few days ago, I shared an article on Facebook that discussed how the virus may have hit Washington state last November. This article was shared [...]
After the recommendation that people stay home from work for a couple of weeks to slow the spread of coronavirus, state governments jumped in with orders to close most non-essential businesses. It is very well possible that this type of cure could be worse than the ailment itself. President Trump just indicated that he is aware [...]
I pay my bills as a commercial real estate appraiser, a business I've participated in since 1989. By now, I've been through a few recessions... the S&L crisis from 1989-1991, the bursting of the dot.com bubble (2000-2003), the Great Recession of 2007-2009, and the current Coronavirus mess. Each of these had their own characteristics and [...]
Much has been written about the troubles Italy has had in dealing with the Wuhan coronavirus. Yet, little has been written about why there has been such a severe outbreak in Italy.As of 2013, at least half of the textile manufactures in the Prato Industrial district outside of Florence, one of the hubs of the Italian [...]
Well, it's been an unbelievable couple of weeks. Could anyone have imagined a month ago that there would be a run on toilet paper because of a flu like pandemic sweeping the globe? Could anyone have imagined a month ago that the NBA and NHL would suspend their seasons, the PGA Tour would postpone events, [...]