Archive for oil market

Lessons From Oil Patch Turmoil… Michael Douville

Posted in #PaulthePoke, Michael Douville with tags , , , on April 29, 2020 by paulthepoke

Proverbs 27:12 The prudent sees danger and hides himself, but the simple go on and suffer for it.

1 Chronicles 12:32a And of the sons of Issachar, having understanding of the times, to know what Israel should do.

Michael Douville discusses what is going on in the oil market and what it means for the global economy! The latest data from oil markets is reviewed. Be informed and know today’s economic condition. Click on the link below for Michael’s presentation on YouTube.

https://www.amazon.com/Create-Estate-Machine-Retire-Income/dp/0996738517/

Michael Douville

Born on the far south side of Chicago in a struggling neighborhood, I was identified with 29 others as having Potential. A new education format was tried where promising young minds were exposed to fine Teachers.  My Public High School years were filled with Full Professors from the University of Chicago teaching Biology, Chemistry, History, and English. The Advanced Placement program was born; I was taught to think!

My Father thought I should be a Doctor so off to the University of Illinois I went. However, while working during my 3rd summer break, Business and Investment took me away! My Father never recovered, I was thrilled!!!

A curriculum change brought me to owning a few small businesses before I was 21 and Governor State University tried to educate me. I was off and running hard!!! Real Estate has been my passion.

Syndicated Columnist Library of videos and articles:

www.michaeldouville.com

Dr. Charles Nenner Housing Update, Wall Street Blood Bath, March 2020

Posted in #PaulthePoke, Michael Douville, Trend Update with tags , , , , , , , , on March 9, 2020 by paulthepoke

Ecclesiastes 7:12 For the protection of wisdom is like the protection of money, and the advantage of knowledge is that wisdom preserves the life of him who has it.

Proverbs 27:12 The prudent sees danger and hides himself, but the simple go on and suffer for it.

One of the most influential Cycle Researchers in the World, Charles Nenner has recently release his charts on the housing industry. Please keep in mind, this information was released before the onset of COVID 19, the coronavirus. This was also released before the Saudis and the Russians engaged in a price war in the oil markets.

Charles Nenner a World Class Market Researcher has sent me his chart of Lennar which he uses as a proxy for the US Housing Market. The chart shows a slowing until late in 2020. However, as a separate asset class this may be a great investment to earn excellent cash flow from a conservative investment.

Click on the link below for Nenner’s thoughts.

 

No one knows how badly the Coronavirus will affect the Global Economy or the Individual Family. However, the world is connected. Be prudent, take precautionary actions such as extra food, medicine, fever reducers, water, and additional cash at home. Discuss Financial exposure with your Advisor, review the asset classes.

Michael shared his thoughts a couple of weeks ago regarding the financial and economic impact of the coronavirus. These comments are more timely than ever. Click on the link below for Michael’s insights.

 

Today was a certified train wreck in the financial markets. Russia and Saudi Arabia have engaged in a war over the price of oil. The result was a crash in the price of oil. The price for a barrel of oil dropped 24% in a day. West Texas Crude settled at $31.13 per barrel.

The Dow Jones Industrial, S&P 500, and the NASDAQ were all off by over 7% today. Circuit breakers kicked in less than 5 minutes into trading and the markets were stopped for 15 minutes.

The 10 year treasury note closed below .5% or 50 basis points. The 30 year noted was below 1.0%

COVID 19 continues to grow across the globe. Italy has officially quarantined the population of the entire country.

  • 113,000+ infected globally
  • 4,000+ deaths globally
  • Italy approaching 10,000 cases
  • 112 countries and regions affected
  • 605 cases in the United States

 

%d bloggers like this: