What happened in Beirut was absolutely horrific. As the graphic above shows, it is considered to be the most powerful non-nuclear explosion in history. To put the power of the blast in context, the Oklahoma City bombers used two tons of ammonium nitrate while Beirut’s ignited approximately 2,750 tons!
Yet again we have witnessed something unprecedented. As the following two charts show, we have never had negative oil prices until last week. Oil has never been cheaper on an inflation-adjusted basis than it is today.
I’m admittedly obsessed by pandemics. I’ve been listening to the course on the Black Death via the Great Courses, I was in China at the tail end of SARS in 2003 and was intensely focused on what life was like during that time there, and of course,
This is one of those weeks where I don’t have anything pressing I feel I need to convey or work through to gain clarity so I thought I would share some random thoughts related to the coronavirus, surveying data, economic reports, and a health tip.
Last week were engaged in our annual planning process. As part of this, we come up with key assumptions regarding the operating environment for the next three years or so. Interest rates, of course, are a huge variable in our business and dominated much of the discussion.
The impassioned plea that took place recently from teen climate activist Greta Thunberg at the U.N. understandably caught the attention of much of the developed world. At the risk of being controversial/politically incorrect I decided to do a couple of searches on www.newspaperarchive.com on “Climate Change” and “Global Warming” and restrict the years to between 1919 and 1965 to see if these were topics covered by newspapers back then and,
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