This is going to turn out to be the case up and down the beach now. Expect plenty more of these.
All these 70s and 80s condo sites going to be torn down I reckon and replaced with the newer Sunny Isles and Bal Harbour style trump and ritz Carlton developments
I understand that getting buyers is not a problem right now - the issue is conveyancing is taking longer than normal currently due to WFH, and other factors.
Just got new tomatoes shooting from seed from previous plant. I left a couple off fallen ones on the ground for a week, gave it a go and planted the tom about two inches down. Lo and behold got about a dozen new shoots now. Apparently most die off as one becomes the 'winner'. More luck than...
https://www.bloomberg.com/news/articles/2021-01-18/why-the-cost-of-shipping-goods-from-china-is-suddenly-soaring
45 minute listen and pretty much definitive. No mention of Brexit unless I missed it.
this happens with every shipping sector, containers, dry bulk, tankers, as charter rates rise and fall. Shipping is cyclical. All that happens is they build loads more ships as rates rise and there is a correction as tonnage becomes oversupplied. And so it goes on.
On the flip side crude oil...
That’s my point though - it’s not a great comparison for many reasons but its worth pondering - until a test was developed (testing took a few years to develop after the initial eruptions of cases in San Fran LA and New York) would they have locked down hot spots (as a silly example, but...
Perhaps the economic damage is localized in Covid as well, and more extreme in western economies - be interesting to see what the relative economic damage is in developing nations compared to the complete destabilization of western (or developed) economies. Admittedly crashing of the developed...
We were looking for comparables not absolutely identical situations.
I would expect that if this was HIV in 1982 but today, with today’s social media and political pressures, and we were in the early stages of finding out about HIV, the reactions would be more similar to now than how it rolled...