You’ll recall it wasn’t too long ago that investing legends Warren Buffett, Jack Bogle, and my father in law Dick Young were calling for a prolonged period of reduced returns. Not only for the stock market but for bonds, as Dick Young’s North Star was scraping the bottom of the charts as if it had […]
Coronavirus: The Safety of America’s Food Supply Chain
Coronavirus has sparked what may be a new phenomenon in history, global panic-buying at grocery stores. Panic buying is nothing new, of course, but seeing it happen in so many countries at once is certainly rare, if not new. The world’s supply chains are more intertwined than they have ever been. With a shock to […]
Americans Arming Themselves Ahead of Coronavirus Uncertainty
Across America, people are hitting their local gun shops for ammo and firearms. In Florida, background checks for gun purchases have soared. Gabrielle Calise and Langston Taylor report for the Tampa Bay Times: Toilet paper and hand sanitizer aren’t the only things Floridians are stocking up during the coronavirus pandemic. People across the state are rushing to […]
Americans Buying Guns: Prepping for Life in Quarantine
Many Americans are frantically buying household products, food, and guns in the face of potential quarantines. Deborah Villalon reports for KTVU Fox 2 that people are afraid of a breakdown in essential services, like policing. Arming themselves is a precaution against looting and violence in the face of police shortages. She reports: Also seeing a […]
Coronavirus Infects Stock Market: Part XIV
Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, told CBS News‘ Norah O’Donnell that life may not get back to normal for up to two months. Two months is a long time. Here’s a bit of the back and forth between O’Donnell and Fauci: O’DONNELL: We know the symptoms […]
It’s Possible Californians Have Had Enough of Taxes and Debt
For over a century, if you were looking for a better America, California was where you headed. From the Gold Rush days of 1849, to the post-World War II boom of California’s suburban crowd, the state’s beauty, resources, climate, and wildness attracted droves of Americans. Now though, Americans are fleeing California. The reason for their […]
Coronavirus Prep: Americans Buying Up Ammo
In the face of a possible pandemic, Americans aren’t taking any chances. Coronavirus has already infected the stock market, and now America’s silent army is buying up ammo. PR Newswire reports: HARVEY, La., March 6, 2020 /PRNewswire/ — As the Coronavirus (COVID-19) hits the US, it’s not just hand sanitizer and flu medications that are flying off the […]
Coronavirus Infects Stock Market: Part XIII
“De-densify.” That’s the word Harvard is using to describe its efforts to move people out of dorms and send them home. CNN’s Carma Hassan and Brian Ries report: Harvard University is moving to virtual classes because of the novel coronavirus outbreak and the university is asking students to move out of their dorms in five […]
Coronavirus Infects Stock Market: XII
If you’re a client of Richard C. Young & Co., then you know how much we love Baby’s Coffee—Southernmost Coffee Roasters in America. Clients of mine sent this pic yesterday telling me how much they enjoyed a recent trip to Key West. They look happy, don’t they? You know what’s worth noting is we didn’t […]
Coronavirus Infects Stock Market: Part XI
One of the challenges of having high school kids in different schools is scheduling—they’re not on the same one—which is how Owen and I ended up skiing Friday at Attitash, NH, while Izzy was in school. My parents spend much of their winter in New Hampshire skiing (it’s early Saturday morning as I’m writing to […]
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