Month: April 2020

Oil Update

Oil Update

It was evident from the very beginning on April 20 that the oil market was headed for trouble. Frantic sell orders had been pouring in overnight and any traders who connected to the Nymex platform that morning could see a bloodbath was coming. By 7 a.m. in New York, the price on a key futures

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Chart Of The Day

Chart of the Day

By CunninghamIn the late 1980’s, as the real estate market in the Southwestern part of the United Statescollapsed, I was wiped out, as were many of my friends and business associates. We wereexperiencing the inevitable catastrophic aftermath of one of the greatest real estate booms inthe history of mankind.We had made scores of millions in

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20 1stdb 01 Cta Apr 01
Fast & Furious

Fast & Furious

The IMF in its April World Economic Outlook is projecting global output to contract by -3% in 2020 and is forecasting growth of 5.8% in 2021. For advanced economies, the IMF is calling for a contraction of -6.1% this year, and growth of 4.5%, next year; emerging markets are expecting 1% contraction and 6.6% growth,

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