Global economic conditions affecting US markets
Planning for contingencies is smart, like buying insurance, creating backups, or running duplicate systems, like in an aircraft, sometimes even triplicate. When you really value something you protect it. As an individual investor, you always have cash around, what we call dry powder, if you didn’t, in the event of a crisis, you would be[…]
The COVID-19 pandemic has created a unique situation on the world economy Manufacturing all over has shutdown. Global supply chains have virtually collapsed. The pandemic has smashed the world capacity to produce. But the virus has also forced entire nations to institute lockdowns and stay at home orders that prevents people from buying stuff. Other[…]
Today is Saturday March 28th, I am located in the northeastern United States, considered a Coronavirus hotspot in the country. The President of the United Stated, Donald Trump, declared a National Emergency Concerning the Novel Coronavirus Disease Outbreak on March 13, 2020. The virus was first detected in Wuhan, Hubei Province in the People’s Republic[…]