After six weeks of nearly 100% nationwide shutdown… Some states are starting to lift restrictions and allow “low risk” businesses to re-open. Few cities have been harder hit than Las Vegas, Nevada. One third of the Las Vegas economy is related to travel and...
The head of the Centers for Disease Control and Prevention is issuing a warning: Prepare for a second wave of the coronavirus outbreak this winter. “There’s a possibility that the assault of the virus on our nation next winter will actually be even more...
“CLOSEOUT SALE: Free Crude Oil Available for 24 Hours” Could you ever imagine your local gas station posting that sign? Yesterday, the price of West Texas Intermediate (WTI) Crude Oil plunged to $0. And then it kept falling. WTI oil ended the trading day...
Crude oil prices crashed 36% on Monday. West Texas Intermediate Crude is trading at below $12. Oil is now trading at the lowest levels since 1986. And today’s drop occurred even though major oil producers agreed to cut production by 10 million barrels per...
Poof! Another 5.2 million jobs are GONE. That brings the total job losses to 23 million – in just four weeks. The American economy has never experienced a catastrophic shock this quickly. Even during the Great Depression, it took years to experience these levels...
Wall Street has been riding high on optimism for the last three weeks HOPING that the Covid-19 virus outbreak subsides . . . and praying that we will go back to business as unusual. Yet at the end of the day – it’s all...