After opening fifteen hundred points down, the stock market dropped another two thousand. Consumer goods are up 20% — hoarding toilet paper does some good after all — but the rest of the market is through the floor.
Coronavirus fears, a massive price war for oil, and a certainty among financial wonks that a downturn is due: All these come together to create a truly nasty couple of days, (more…)
World news sources are covering the big day of riots in Venezuela. Three were reported killed yesterday as protestors marched, demonstrated, rioted violently, and looted shops in what’s being called the “Mother Of All Protests” against the government of President Nicolas Maduro. Opposition leaders in the nation’s parliament are calling for more days of protests unless Maduro steps down.
Meanwhile, CNN has announced that Serena Williams is pregnant. (more…)
Caracas is about five hundred miles south of Puerto Rico, and it’s home to one of the most troubled economies in the world. And, while the United States has indeed played a part in letting this happen, as a whole it’s mostly the fault of the Venezuelan government.
Books could be written here, and some no doubt have been. I’m going to keep this short, however, and in order to do that (more…)