One of the biggest unintended consequences of everyone on the planet being quarantined for an indefinite period of time is that people began spending an unhealthy amount of time watching TV news or surfing the Internet, activities that previously took up far less of most people’s days. Neither activity is particularly beneficial for anyone attempting…
An interesting thing happened last week. The price of oil fell through the roof and then through the main floor and then it created a large hole in the basement. On Friday, April 17th, the price of crude oil (West Texas Intermediate, aka WTI) closed the trading day at $18 per barrel. On the ensuing…
Monday, March 9th of this week marked the 11th anniversary of the stock market bottom during the sub-prime mortgage crash of 2008-2009. So what did the stock market do Monday? It celebrated by falling 7% immediately upon the opening. Since March 9, 2009, we have experienced an 11-year bull market, possibly the longest bull market in history.…
This past week has seen Coronavirus headlines proliferate faster than the Coronavirus itself. No one knows how far this contagion will spread…and we don’t mean to take lightly that it has already claimed some victims…but if it is anything like SARS, N1H1 (swine flu), or Ebola, there is a good chance it will be in…
OK, when we’re wrong, we’re wrong. A year ago, we predicted that Nicolas Maduro wouldn’t make it through the year as Venezuela’s leader. At the time, Venezuela had an inflation rate of 10,000%, and 85% of the population lived in poverty. Things are not much better today. But somehow Maduro is still making the rules…
